Walgreens Q4 net loss at $180M - Breaking The News

Walgreens Q4 net loss at $180M

12 October

1 min read

EPA/JASON SZENES

Walgreens Boots Alliance announced its net loss in the fourth quarter of 2023 came in at $180 million compared to the of $415 million registered in the same period in 2022. Diluted losses per share (EPS) were at $0.21 versus the $0.48 registered a year ago, according to a report the company released on Thursday. Regarding the sales, the company saw a yearly increase of 9.16% to reach $35.42 billion.

"Our performance this year has not reflected WBA's strong assets," Interim Chief Executive Officer Ginger Graham said. "In just six weeks, we have taken a number of steps to align our cost structure with our business performance ... We anticipate seeing the impact of these actions in fiscal 2024, beginning in the second quarter."

Walgreens stock sank 1.99% in premarket trade at 7:28 am ET after the earnings were released.

earnings walgreens

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