Walgreens Boots Alliance (WBA) stock has plunged to a 27-year low owing to a weak outlook and disappointing Q3 results, causing some to question its potential. Investors fear the implications of a widely reported negative profit forecast, as WBA reportedly underperformed and fell 60% short of expectations. The dip in stock coincided with the rumored departure of the head of Boots pharmacy, accentuating the business's struggle. Despite the negative momentum, WBA's global sourcing recently gained strengthening from a collaboration with Trade Beyond. To recover from these financial tribulations, WBA may close 25% of its stores and sell its shares of Cencora for about $400 million. However, the financial benefits from these actions might only surface in the next fiscal year.
Walgreens Boots Alliance WBA News Analytics from Thu, 04 Jan 2024 08:00:00 GMT to Sun, 30 Jun 2024 21:42:00 GMT -
Rating -8
- Innovation -3
- Information +7
- Rumor -9
