To us, this represents an alarming statistic in regards to the financial health of the American consumer at ground level. Drug stores and pharmacies are first responders to the vacillations of consumer spending so taking that into consideration…

BREAKING: Walgreens stock, $WBA, crashes nearly 25% after drugstore chain cuts profit guidance due to "challenging" consumer environment.

"We assumed the consumer would get somewhat stronger” but “that is not the case,” Walgreens CEO said.

Walgreens cut their earnings per share… pic.twitter.com/eAzFERUZMP

— The Kobeissi Letter (@KobeissiLetter) June 27, 2024