Anyone else see this news about Walgreens?

[JustFillIt]

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Walgreens tanks as pharmacies feel health care pressure

 

[owlegrad]

Ouch. Regardless of the new meal policy (which is amazing and long overdue) I suspect it is about to REALLY suck working at Walgreens. You can't cut 1.5 billion in expenses easily. Maybe chain retail pharmacies will give up the pretense of having waiters and move to an "you will get it when I tell you you can get it" experience?

 

[BidingMyTime]

I guess I'm not a business person, but google tells me Walgreens netted $5,000,000,000 in profit last year. Why would the article describe this as "business deteriorates"? Seriously, no company can (legitimately) promise unlimited growth, why does Wall Street expect this from reputable businesses? Only MTM's pretend like their company can grow unlimited, and everyone knows they are scams.

 

[RxPreceptor]

I find that the average customer doesn't realize or care that most RPhs have no form of break whatsoever; again RPhs generally accept getting stepped on like a god damn door mat (something that needs to change in this industry)

 

[Sine Cura]

The main complaints provided by patients were:

49% having to come back
27% delay in picking up their prescription
21% of patients stated that they might transfer

There are many clinics that close for lunch. Most non-24 hour chain pharmacies operate into the evening and are open Saturday and Sunday. Some even open at 8 AM

Who cares about these types of "patients"?

You're damn right I too call these tools customers intentionally

 

[Sine Cura]

I guess I'm not a business person, but google tells me Walgreens netted $5,000,000,000 in profit last year. Why would the article describe this as "business deteriorates"? Seriously, no company can (legitimately) promise unlimited growth, why does Wall Street expect this from reputable businesses? Only MTM's pretend like their company can grow unlimited, and everyone knows they are scams.

The future will be left holding the bag.

 

[PikminOC]

Is Pessina's income as CEO going to decrease as well? 😉

 

[Thoughtfulsinner]

Is Pessina's income as CEO going to decrease as well? 😉

Probably not. Just cutting out bonuses for RXM and store managers at this point. Announced the day after the stock price tanked..

 

[Ziyan]

Probably not. Just cutting out bonuses for RXM and store managers at this point. Announced the day after the stock price tanked..

Where was this announcement?

 

[Pharmacy is a Scam]

I guess I'm not a business person, but google tells me Walgreens netted $5,000,000,000 in profit last year. Why would the article describe this as "business deteriorates"? Seriously, no company can (legitimately) promise unlimited growth, why does Wall Street expect this from reputable businesses? Only MTM's pretend like their company can grow unlimited, and everyone knows they are scams.

It’s not about net profit so much as it is the trend year over year. Netting $5b in profit in 2018 when you net $10b in profit in 2017 tells a much different story than if you netted $4b in profit in 2017. I’ll bet that WAG profits were much higher in 2017 than 2018.

 

[Subvisual]

I guess I'm not a business person, but google tells me Walgreens netted $5,000,000,000 in profit last year. Why would the article describe this as "business deteriorates"? Seriously, no company can (legitimately) promise unlimited growth, why does Wall Street expect this from reputable businesses? Only MTM's pretend like their company can grow unlimited, and everyone knows they are scams.

Stock prices are predictions. If the consumers assume the company will grow 10% in a year and it actually grows 8% that would cause a fall in the stock price as that was "below expectations", even though the company was still turning a profit.

It's almost like some sort of fundamental flaw in the modern corporate model: pursuing unsustainable short term profits over long term stable growth.

 

[Sine Cura]

Almost like? It's basically a religion

 

[297point1]

Only MTM's pretend like their company can grow unlimited, and everyone knows they are scams.

I'm so in the bubble I read this and wondered what it is you had against Medication Therapy Management programs.