Results for: Retail Pharmacy

Walgreens Boots Alliance reported strong fourth-quarter fiscal year 2024 results, exceeding sales expectations and announcing a footprint optimization program that will involve closing approximately 1,200 stores over the next three years. Despite a decline in adjusted operating income, the company highlighted cost savings initiatives and improved profitability in its U.S. Healthcare segment.

Retail pharmacies like Walgreens and CVS are grappling with declining profits and customer dissatisfaction, fueled by long wait times, staff shortages, and intense competition from online giants like Amazon. The industry is facing a fundamental shift as traditional business models are challenged by changing consumer behavior and financial pressures.