Walgreens Boots Alliance, Inc.: restructuring charge — Walgreens reports FY2024 loss of $10.01/sh, plans to close 1,200-1,300 stores by 2027

Walgreens Boots Alliance, Inc.

2024-FY EPS reported -$10.01 revenue$147,658,000,000

Q4 loss per share $3.48 (incl. $0.39 adj. EPS, down 40.8% YoY); revenue $37.5B (+6.0%).
FY2024 loss per share $10.01; adjusted EPS $2.88 (-27.9%); revenue $147.7B (+6.2%).
Footprint Optimization: close ~900-1,000 stores by FY2027, plus 300 from prior program for total 1,200-1,300; ~500 in FY2025.
Pre-tax charges $2.2-2.4B (lease $1.8-2.0B, impairments $300M, severance $100M); program accretive to cash flow starting FY2025.
FY2025 adjusted EPS guidance $1.40-1.80; expects Healthcare and Intl growth offset by U.S. Retail decline.

item 2.02 item 7.01 item 2.05 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Restructurings & Charges SEC 8-K Item 2.05/2.06 confidence 0.9

Walgreens Boots Alliance, Inc. announced a restructuring with charges of approximately $2.2 billion to $2.4 billion affecting U.S. Retail Pharmacy segment.

Type: restructuring
Charge: approximately $2.2 billion to $2.4 billion
Affected area: U.S. Retail Pharmacy segment

Exact text from the filing

the workforce in those stores that are closed. The Company currently estimates that it will recognize cumulative pre-tax charges to its GAAP financial results of approximately $2.2 billion to $2.4 billion, including costs associated with lease obligations and other real estate costs, asset impairments, and employee severance and other exit costs. The Company

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Source: SEC EDGAR

accession 0001193125-24-237203

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