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Wintrust Business Minute: Walgreens stock drops after cut to 2024 profit forecast

 
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Manage episode 425995289 series 3035618
Kandungan disediakan oleh wgnradio.com. Semua kandungan podcast termasuk episod, grafik dan perihalan podcast dimuat naik dan disediakan terus oleh wgnradio.com atau rakan kongsi platform podcast mereka. Jika anda percaya seseorang menggunakan karya berhak cipta anda tanpa kebenaran anda, anda boleh mengikuti proses yang digariskan di sini https://ms.player.fm/legal.

Steve Grzanich has the business news of the day with the Wintrust Business Minute.

Walgreens stock dropped sharply after the Deerfield-based company cut its 2024 profit forecast. The pharmacy chain blames a worsening retail environment and says it’ll close a significant number of its underperforming U.S. stores. Walgreens didn’t say how many of the 8,700 stores would be affected. Management will also make more organizational changes but stopped short of discussing further job cuts. The store closures will be part of what the company describes as a multi-year footprint optimization program. Over the past year, Walgreens shares have dropped more than 45%.

Also, a Chicago-based robotics company has raised more than $27 million in a Series A funding round. Listen for more from below:

  continue reading

102 episod

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iconKongsi
 
Manage episode 425995289 series 3035618
Kandungan disediakan oleh wgnradio.com. Semua kandungan podcast termasuk episod, grafik dan perihalan podcast dimuat naik dan disediakan terus oleh wgnradio.com atau rakan kongsi platform podcast mereka. Jika anda percaya seseorang menggunakan karya berhak cipta anda tanpa kebenaran anda, anda boleh mengikuti proses yang digariskan di sini https://ms.player.fm/legal.

Steve Grzanich has the business news of the day with the Wintrust Business Minute.

Walgreens stock dropped sharply after the Deerfield-based company cut its 2024 profit forecast. The pharmacy chain blames a worsening retail environment and says it’ll close a significant number of its underperforming U.S. stores. Walgreens didn’t say how many of the 8,700 stores would be affected. Management will also make more organizational changes but stopped short of discussing further job cuts. The store closures will be part of what the company describes as a multi-year footprint optimization program. Over the past year, Walgreens shares have dropped more than 45%.

Also, a Chicago-based robotics company has raised more than $27 million in a Series A funding round. Listen for more from below:

  continue reading

102 episod

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