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Walgreens cuts 2024 profit forecast on worse-than-expected consumer spending
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Walgreens cuts 2024 profit forecast on worse-than-expected consumer spending
Jun 27, 2024 4:36 AM

June 27 (Reuters) - Walgreen Boots Alliance cut

its profit forecast for fiscal 2024 on Thursday, citing

challenging pharmacy industry trends and a worse-than-expected

U.S. consumer environment.

The company now expects an adjusted profit of $2.80 to $2.95

per share for its financial year ending August, compared with

its $3.20 to $3.35 per share forecast in March.

Analysts, on average, expect the company to record an annual

profit of $3.20 per share, according to LSEG data.

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