Walgreens Boots Alliance, Inc. (WBA) is scheduled to release its fiscal 2024 first quarter financial results on January 4. Wall Street anticipates the company to generate $35.04 billion in revenue, indicating a 5% year-over-year rise. However, the company’s EPS is expected to decline 44.7% from the prior year’s period to $0.64.
Despite WBA's solid assets and brand legacy, its past-year performance did not reflect well on its commitment. In six weeks, the company realigned its cost structure, planning cost reductions of over $1 billion and cutting capital expenditures by around $600 million, aiming to enhance business performance and fiscal efficiency.
