Earnings Report: June 27, 2023
Earnings Report: June 27, 2023 We are still easing our way into another earnings season. Today, we had one of our holdings, Walgreens report earnings. I will be looking over the earnings report and assessing how the quarter went, as well as giving my opinion on where the company stands. Walgreens Boots Alliance ($WBA)- The stock took a big tumble after the company reported earnings before the market opened this morning. The company beat on the top line, but had a slight miss on the bottom line expectations. The stock has seen a steady downtrend, as the price of the stock hit lows that we haven't seen in over a decade. I think the major hit in the stock price today can be credited to the management lowering guidance for the full year. The business has faced a lot of headwinds this year with covid slowing and the flu season not being as rampant as normal. It has definitely shown up in the bottom line as expenses have risen by a lot and we have seen a drastic decr...