Walgreens Boots Alliance (WBA) shares have plummeted to their lowest level in over 25 years, trading at prices not seen since 1997. The significant drop follows a mixed Q3 earnings report and lowered guidance for fiscal year 2024. CEO Tim Wentworth announced that more store closures are expected as part of the company's turnaround strategy. The company has revised its adjusted EPS guidance to $2.80 to $2.95, citing a challenging U.S. consumer environment and increased promotional activity as key factors. WBA's stock fell 24.5% in one of its worst trading days since data tracking began in 1985. Executives discussed criteria for store closures during the earnings call at 8:30 am ET and indicated that headwinds will continue into FY2025.
$WBA down -22% to 1997 lows. Stick a fork in it, the stock is done. https://t.co/UWU7TZWKX5 https://t.co/clOS1YNOUB
$WBA -24% today after weak results and poor guidance. $LEVI -16% same. Recurring theme “worse than expected consumer environment.” I wonder if we hear the same from $NKE tonight?
$WBA lowest level since 1997
$WBA Pain..🩸 -24.5% On the road to $0 https://t.co/aXCJBnzg7q
Is it really this bad? $WBA https://t.co/TOWzqOF7OJ
$WBA Guidance: "We are lowering our fiscal '24 adjusted EPS guidance to $2.80 to $2.95. The updated range versus our expectations 3 months ago incorporates 2 key items. First, the U.S. consumer environment has not improved and is driving higher promotional activity, negatively… https://t.co/b7cMXq6iCz
$WBA worst day in data going back to 1985 Lowest since late 1997 https://t.co/xupKWRTkXs
$WBA says headwinds in front of store will continue into FY2025... shares are on pace to open at the lowest level since 1997.. Executives are talking about criteria for stores closures on the earnings call... https://t.co/HjPGsc5FJ6
$WBA now on pace to open at the lowest level in more than 25 years. The earnings conference call starts at 8:30 am et https://t.co/sg1FGJYysJ
$WBA shares back near lows, after mixed Q3 report and lowered guidance. CEO Tim Wentworth says there are a lot more store closures ahead as part of the turnaround. @annikakimc has a write-up: https://t.co/N0eBo51YFG https://t.co/HN6UuUUILQ
$WBA one of our core investment shorts (for over two years) - slashes guidance @tomkeene @business @ferrotv @lisaabramowicz1 @cnbcfastmoney @halftime @dougkass @SeabreezeLP
$WBA trading literally at LAST CENTURY prices! https://t.co/ON5cCy6IfX https://t.co/n35SY2JcjZ