Business

Walgreens Shifts Into Recession Mode as Covid Boom Fades

By AdminJune 30, 2022

Walgreens Boots Alliance is bracing for a recession and life after Covid.

The second-biggest U.S. drugstore chain by stores said Thursday that quarterly sales fell and earnings plunged as revenue from Covid-19 vaccinations dried up. The pharmacy chain also paid out a $683 million opioid settlement.

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