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StockNews.com
Business
Anushka Dutta

Is Walgreens Boots Alliance (WBA) a Buy, Sell, or Hold This Month?

WBA Walgreens Boots Alliance Walgreens Boots Alliance Inc Inflation

Pharmaceutical retailer Walgreens Boots Alliance, Inc. (WBA) warned of facing lower sales persisting into next year due to inflation affecting consumers’ spending. The end of the COVID emergency led to a sharp drop in the sale of vaccines and tests, according to the company’s executives.

WBA increased the target of an ongoing cost-cutting program to counter those pressures. The company lowered its full-year adjusted EPS guidance from $4.45-$4.65 to $4.00-$4.05.

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