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Today: April 27, 2024

Walgreens narrows full-year profit forecast and takes $5.8 billion impairment

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LA Post: Walgreens narrows full-year profit forecast and takes $5.8 billion impairment
March 28, 2024
Reuters

(Reuters) - Walgreen Boots Alliance narrowed its profit forecast for fiscal 2024 by on Thursday, citing economic challenges for its retail business, and also took a $5.8 billion impairment related to its VillageMD business.

The company now expects an adjusted profit of $3.20 to $3.35 per share for its financial year ending August, compared to $3.20 to $3.50 per share it gave in January.

(Reporting by Puyaan Singh and Leroy Leo in Bengaluru; Editing by Pooja Desai)

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