Yesterday WBA had a shit earnings report with eps miss and lowered their total eps guidance:
Walgreens cut its full-year adjusted earnings per share guidance to a range of $4.00-$4.05 from a range of $4.45-$4.65.
WBA got downgraded too by Deutsche bank.
Price fell below multi year low, going as far back as 2012 at $28.53, today's low was 28.20.
They're blaming lower spending from covid shots and consumer spending, but it's not like it turned the stock around in 2020 or 2021 as it was still 50% from multi year high, now it's around 70% (30% 52w high).
[link] [comments] https://www.reddit.com/r/stocks/comments/14lgj0p/walgreens_bad_earnings_lower_guidance_downgraded/
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