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Walgreens posts earnings beat but slashes quarterly dividend nearly in half
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January 4, 2024January 4, 2024Earnings

Walgreens (WBA) earnings Q1 2024

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Walgreens reported fiscal first-quarter adjusted earnings and revenue that topped expectations on Thursday, but cut its quarterly dividend nearly in half.  The retail pharmacy giant slashed its dividend to 25 cents per share from 48 cents per share to “strengthen [its] long-term balance sheet and cash position,” CEO Tim Wentworth, who officially took the helm during...

Walgreens earnings tumble on lower Covid demand
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June 27, 2023June 27, 2023Earnings

Walgreens (WBA) earnings Q3 2023

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Walgreens Boots Alliance on Tuesday slashed its full-year earnings guidance as it fell short of Wall Street expectations for its fiscal third quarter due to lower consumer spending and a drop in demand for Covid vaccines and testing. The retail pharmacy chain lowered its earnings guidance to a range of $4.00 to $4.05 per share...