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Heard during Walgreen's earnings call

  • 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
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