frank ballenger :" This Walgreen’s problem is like the old antiwar joke about war profiteers making a fortune:
They’re worried peace could break out."
From the article):" Walgreens is set to shutter 150 stores after slashing its earnings forecast due to lessening demand for Covid-19 tests and vaccine shots."
Shares in the pharmaceutical chain plummeted to $28.64 on Tuesday - their lowest level in more than 11 years
- prompting drastic cost-cutting measures from executives."
"Last night the firm confirmed all the closures will take place by the end of August 2024.
As of midday Thursday its shares were sitting at $28.59, down 30 percent from last year."
"Walgreens said it had been hit especially hard by the end of the pandemic which saw demand for its Covid-19 vaccine shots and testing facilities decline rapidly."
Would drug stores help themselves if they promoted nutritional education and had bigger sales in supplements, vitamins and minerals?