Walgreens' shares plunge on outlook cut, more store closings [BNN Bloomberg (Canada)]
CVS Health Corporation (CVS)
Last cvs health corporation earnings: 2/12 06:45 am
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Source: BNN Bloomberg
Walgreens' management said Thursday that in addition to the store closures, they would make more organizational changes, without specifying further job cuts. The company has had a rocky few years with turnover in the executive ranks amid a challenging retail climate. Shares fell as much as 16 per cent before markets opened in New York. CVS shares were also down three per cent. Walgreens lowered its forecast range for full-year adjusted earnings to US$2.80 to $2.95 per share, after lowering the top end of its guidance the prior quarter. Adjusted earnings for the three months ending May 31 were 63 cents a share, worse than the 68 cents that Wall Street analysts anticipated. The company said it expects recent headwinds to persist into the next fiscal year, according to presentation slides posted ahead of management's call with investors. Walgreens also announced a $431 million writedown of its international Boots retail chain. The company had revived discussions last year about
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CVS
Earnings
- 5/1/24 - Miss
CVS
Sec Filings
- 6/20/24 - Form 11-K
- 5/23/24 - Form S-8
- 5/22/24 - Form 8-K
- CVS's page on the SEC website