July 18, 2024

Walgreens Boots Alliance’s stock tumbles after profit miss and lowered guidance

 Walgreens Boots Alliance’s stock tumbles after profit miss and lowered guidance

Walgreens Boots Alliance’s stock tumbles after profit miss and lowered guidance

Walgreens Boots Alliance Inc.’s stock fell 12% early Thursday, after the drug store chain’s fiscal third-quarter profit fell short of estimates and it again lowered guidance to reflect a stressed consumer following a period of high inflation.