Walgreens narrows full-year profit forecast and takes $5.8 billion impairment-March 2024-www.financetom.com

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

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

Mar 28, 2024 4:21 AM

March 28 (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.

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