Walgreens Boots Alliance (WBA) posted its second report, revealing a quarterly revenue that beat expectations but a narrow outlook for 2024, citing difficult conditions within the retail environment. Jefferies Healthcare Services Equity Researcher Brian Tanquilut joins Yahoo Finance to discuss Walgreens' performance for the quarter and how it can mount a turnaround. Tanquilut lays out one of the big problems with Walgreens and their strategy to implement VillageMD clinics in stores: "The problem with the clinics is that they lose between $1 to $3 million a year on the front end in the first few years. And so, if you just run that math, it is a lot of losses that Walgreens has had to eat over the last couple years, and so as management tries to shore up the balance sheet, improve cash flows, improve profitability, this is one of the big sticking points where you could -- they're looking at, saying, do we really need to invest this much into a physician clinic strategy that is actually not even located in our stores anymore? " For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live. Editor's note: This article was written by Nicholas Jacobino
TORONTO — Strength in the base metal and energy stocks helped lift Canada's main stock index higher in late-morning trading, while U.S. stock markets were mixed. The S&P/TSX composite index was up 85.24 points at 22,192.32. In New York, the Dow Jones industrial average was down 6.06 points at 39,754.02. The S&P 500 index was up 5.96 points at 5,254.45, while the Nasdaq composite was up 2.99 points at 16,402.51. The Canadian dollar traded for 73.80 cents US compared with 73.60 cents US on Wednesd
MINNEAPOLIS (AP) — The Minnesota Timberwolves will evidently remain in the control of owner Glen Taylor, after he announced Thursday that a deal where Marc Lore and Alex Rodriguez would have acquired the controlling stake in the team has expired. Taylor agreed to sell the Timberwolves for $1.5 billion in 2021 to Lore and Rodriguez, who then began the purchase by acquiring 20% of the franchise. Lore became Walmart’s e-commerce chief in 2016; Rodriguez is one of baseball's all-time home run leader
The new head of Boeing's troubled commercial airplane unit said the U.S. planemaker faces a "pivotal moment" as it works to boost quality and address significant concerns from regulators and airline customers after a panel flew off a 737 MAX 9 jet in January. "This is a pivotal moment for us, and we have serious work ahead to build trust and improve our operations," said Stephanie Pope, who was named president and CEO of Boeing Commercial Airplanes on Monday, in an email to employees seen by Reuters. Pope was named chief operating officer in December and retains the title after holding a wide range of prior jobs at Boeing.
Symbol | Last Price | Change | % Change |
---|---|---|---|
Symbol | Last Price | Change | % Change |
---|---|---|---|
Symbol | Last Price | Change | % Change |
---|---|---|---|
Symbol | Last Price | Change | % Change |
---|---|---|---|
Symbol | Last Price | Change | % Change |
---|---|---|---|
Symbol | Last Price | Change | % Change |
---|---|---|---|
Symbol | Last Price | Change | % Change |
---|---|---|---|
Symbol | Last Price | Change | % Change |
---|---|---|---|