Beer and spirits maker Constellation, known for brands including Corona and Modelo, lowered its earnings outlook for fiscal 2023. Read More...
Benzinga
Walgreens Swings To Quarterly Loss As Lower Sales, Opioid Settlement Take A Toll
Walgreens Boots Alliance Inc’s (NASDAQ: WBA) Q1 FY23 sales decreased 1.5% Y/Y to $33.4 billion, up 1.1% on a constant currency basis, beating the consensus of $32.83 billion. Adjusted EPS reached $1.16, down 29.9% on a constant currency basis, reflecting higher COVID-19 vaccine volumes, beating the consensus of $1.13. The company swung to an operating loss of $6.2 billion compared to an operating income of $1.3 billion a year ago. Operating loss in the quarter reflects a $6.5 billion pre-tax cha
