Wintrust Business Minute: Deerfield-based Walgreens reports earnings
Wintrust Business Lunch
English - January 04, 2024 22:00 - ★★★★★ - 8 ratingsBusiness News Business News wintrust business lunch john williams wgn radio chicago Homepage Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed
Steve Grzanich has the business news of the day with the Wintrust Business Minute. Deerfield-based Walgreens reported earnings today and cut its quarterly dividend by nearly 50%. Shares fell 10% after the news and were still down about 7.5% at midday. The drug store chain is trying to improve its cash flow and has been […]
Steve Grzanich has the business news of the day with the Wintrust Business Minute.
Deerfield-based Walgreens reported earnings today and cut its quarterly dividend by nearly 50%. Shares fell 10% after the news and were still down about 7.5% at midday. The drug store chain is trying to improve its cash flow and has been cutting costs. Walgreens stock has dropped almost 40% over the last year as the company tries to expand its health care services business. It’s laid off about 20% of its staff.
Also, consumers are buying less packaged foods and that’s cutting into the bottom line at Conagra Brands. Listen for more below:
https://serve.castfire.com/audio/4476078/4476078_2024-01-04-221918.64kmono.mp3
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