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Opioid legal charge pushes Walgreens to $3.7B fiscal 1Q loss

Por: ABC News Business January 05, 2023

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A huge opioid settlement dragged Walgreens to a $3.7 billion loss in its fiscal first quarter, but the drugstore chain still beat Wall Street forecasts.The company also reaffirmed its earnings forecast for the new year.Walgreens said Thursday that it recorded a $5.2 billion, after-tax charge in the quarter that ended Nov. 30 for opioid-related litigation.Walgreens and rival CVS Health Corp. finalized last month a settlement with state and local... + full article



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