Walgreens slashes dividend even as quarterly profit beats estimates
Walgreens Boots Alliance(WBA) Fox Business·2024-01-04 22:31
U.S. pharmacy chain Walgreens Boots Alliance on Thursday nearly halved its dividend to save more money, even as the company's cost-cut measures helped it report better-than-expected quarterly profit. Higher drug prices also boosted the pharmacy operations of the company, which has been grappling with fierce competition, sharply lower sales from COVID vaccines and testing, and decreased discretionary spending by inflation-weary consumers.The company was forced to close unprofitable stores and cut jobs to red ...