Walgreens' Surprising Reason for Its Q4 Earnings Decline
Walgreens Boots Alliance (NASDAQ: WBA) hasn't delivered great bottom-line news lately. The pharmacy giant reported lower year-over-year earnings in its third-quarter results in June along with lackluster revenue growth. The main problem in Q2 was its weakening gross margin.
The company announced its fourth-quarter results before the market opened on Monday. Yet again, it reported that its bottom line was headed in the wrong direction. But this time around, there was a surprising reason behind the earnings decline.
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Source Fool.com
