- Walgreen (WAG +3.1%) CEO Greg Wasson says the company will close 76 unprofitable stores in the second half of the company's fiscal year.
- Most of the locations will be ones that are situated in close proximity to another Walgreens.
- The synergies from the Alliance Boots acquisition will continue to be a bottom-line driver for the company. By all accounts, the integration is on schedule.
- The combination of a harsh winter and a mild flu season cut into store traffic and margins during FQ2, according to execs.
- Earnings call transcript
at CNBC.com (Nov 11, 2014)