Walgreens’ stock plunged more than 20% in trading Thursday morning after the company reported disappointing earnings and slashed its profit outlook. The drugstore chain said.
Walgreens’ stock plunged more than 20% in trading Thursday morning after the company reported disappointing earnings and slashed its profit outlook. The drugstore chain said it plans to cut a « significant » number of its more than 8,600 stores in the US, CNN reports. Walgreens has already closed more than 2,000 stores over the last decade. CEO Tim Wentworth said Thursday that a quarter of the remaining stores aren’t profitable and a « significant portion » of them could close, reports the AP.
