Stock Track | Walgreens Boots Alliance Plummets 5% as Losses and Store Closures Loom

Stock Track12-17

Walgreens Boots Alliance (WBA) shares plummeted 5% in the intraday session on Monday, underperforming the broader market. The stock's decline comes amid ongoing challenges faced by the retail pharmacy giant, including recent losses and plans to close underperforming stores.

According to the news report, WBA has suffered losses in the past two fiscal years, raising concerns about its financial health. The company has reported a 57% loss in its stock price throughout 2024, making it one of the worst-performing stocks among large-cap companies.

In an effort to address these challenges, WBA's CEO, Tim Wentworth, announced plans to close around 1,200 stores over the next three years. This move aims to enhance profitability by focusing on the company's most successful locations. However, this restructuring plan could also lead to job losses and disruptions in the short term.

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The stock's decline comes amid ongoing challenges faced by the retail pharmacy...</p>\n\n<a href=\"\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"WBA","symbol_name":"沃尔格林联合博姿","start_time":0,"source_url":"","article_id":"1152324153","we_media_id":"1086803395","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1152324153","pubTimestamp":1734371901,"columns":[],"sourceInfo":{"source_id":"ai_movement_en","name":"Stock Track"},"weMediaInfo":{"media_name":"Stock Track","introduction":"Track stock‘s movements and relevant news","home_visible":1,"id":"1086803395","head_image":"https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390"},"summary":"Walgreens Boots Alliance  shares plummeted 5% in the intraday session on Monday, underperforming the broader market. 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