Walgreens says it will close 1,200 stores by 2027, as earnings top estimates
- Walgreens plans to close about 1,200 stores by 2027 as part of a turnaround effort, with 500 closures in the current fiscal year.
- CEO Tim Wentworth noted that “changes are imminent” due to 25% of stores being unprofitable.
- Walgreens reported a $3 billion loss in the fourth quarter of fiscal 2024, despite a 6% revenue increase to $37.5 billion.
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