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Walgreens shares plunge on outlook cut, store closures

Walgreens shares plunge on outlook cut, store closures

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Thursday, June 27, 2024
Walgreens sign atop store

Walgreens shares plunge on outlook cut, more store closings

Walgreens slashed its guidance due to a worsening retail environment and announced it would close significantly more stores as its new CEO seeks to turn the business around.

 
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