Walgreens posts net loss of 1.7 billion in third quarter

[wagrxm2000]

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Good luck to all the new grads.

 

[lord999]

There's nothing particularly wrong about Walgreens the business, this is the consequence of having a investment bank debt load the business.

Walgreens Long Term Debt 2010-2024 | WBA

Walgreens long term debt from 2010 to 2024. Long term debt can be defined as the sum of all long term debt fields. <ul style='margin-top:10px;'> <li>Walgreens long term debt for the quarter ending November 30, 2024 was •$7.611B•, a •0.34% increase•...

www.macrotrends.net

156%? Someone's interesting in looting the hell out of the company's equity. And this is BEFORE COVID hit.

 

[Momus]

Rite Aid bought Eckerd and went in deep trouble coz most stores are sh1t. Rite Aid was bag holding sh1t stores for well over a decade.
Walgreens bought half of Rite Aid stores and took on a lot of debt as well. Now, it's Walgreen turn.

 

[mentos]

Why do these companies keep buying each other out and inheriting more debt? Everytime a company gets bought out, layoffs follow.

 

[VA77]

Just like Sears buying Kmart. These so called smart MBAs running corporate are truly idiots. In past 5 years both Wags and CVS stock are trading at half what they used to be. Wags will get bought out but will it be private or public and will they want their retail space or just the scripts.

 

[ValeRx]

Just like Sears buying Kmart. These so called smart MBAs running corporate are truly idiots. In past 5 years both Wags and CVS stock are trading at half what they used to be. Wags will get bought out but will it be private or public and will they want their retail space or just the scripts.

Kroger and Walgreens have been running a joint venture around these parts. Kroger products inside Walgreens. There's even a Kroger sign on the Walgreens buildings. There have been tons of rumors of a buyout.

 

[MrBonita]

I’m ready to open farmacia pharmacy. The pharmacy where we are bilingual.

 

[owlegrad]

Rite Aid bought Eckerd and went in deep trouble coz most stores are sh1t. Rite Aid was bag holding sh1t stores for well over a decade.
Walgreens bought half of Rite Aid stores and took on a lot of debt as well. Now, it's Walgreen turn.

In my area Eckerd stores became CVS.

 

[footfairy]

There's nothing particularly wrong about Walgreens the business, this is the consequence of having a investment bank debt load the business.

Walgreens Long Term Debt 2010-2024 | WBA

Walgreens long term debt from 2010 to 2024. Long term debt can be defined as the sum of all long term debt fields. <ul style='margin-top:10px;'> <li>Walgreens long term debt for the quarter ending November 30, 2024 was •$7.611B•, a •0.34% increase•...

www.macrotrends.net

156%? Someone's interesting in looting the hell out of the company's equity. And this is BEFORE COVID hit.

All that debt got us under performing Rite Aid stores, a worthless UK Pharmacy chain that had had zero or negative growth every quarter that I've seen, and $10+ billion of share buy backs when we were at 100-150% current share price. So i wouldnt say it got us nothing. It actually got us less than nothing.

Just took a $2 billion write down on Boots. Boots also was $700 million short of goals this quarter and is consistently considered the lagging part of our business. We didn't even get a tax inversion out of the buyout.

 

[Hels2007]

These so called smart MBAs running corporate are truly idiots.

Are they? They are the one walking away with millions from all this. It's the assumption that their decisions should be good for business in the long term that's the incorrect. I'd say it's exceedingly rare to find a corporate exec nowadays whose true planning horizons exceed 1,5 years. Sometimes it's barely 2-3 quarters, and then either they will be gone, or the business will be sold, or something will conveniently happen in the market that will get blamed for the sorry circumstances company finds themselves. Meanwhile, they personally will have made a lot of money.

 

[VA77]

Are they? They are the one walking away with millions from all this. It's the assumption that their decisions should be good for business in the long term that's the incorrect. I'd say it's exceedingly rare to find a corporate exec nowadays whose true planning horizons exceed 1,5 years. Sometimes it's barely 2-3 quarters, and then either they will be gone, or the business will be sold, or something will conveniently happen in the market that will get blamed for the sorry circumstances company finds themselves. Meanwhile, they personally will have made a lot of money.

I have said that too about corporate being myopic and the next quarter is all that matters. I wonder when they applied for the job and got the standard question of "Where do you see yourself in 5 years?" I guess they now say working for someone else.

 

[Lubeckd]

Just like Sears buying Kmart. These so called smart MBAs running corporate are truly idiots. In past 5 years both Wags and CVS stock are trading at half what they used to be. Wags will get bought out but will it be private or public and will they want their retail space or just the scripts.

It’s happening everywhere. Banking, swe. Bankers and software engineers, now pharmacy. They fire you and make you make you take less pay. Same mba probably changed companies.

 

[Lubeckd]

a swe talks about this

 

[Hels2007]

I wonder when they applied for the job and got the standard question of "Where do you see yourself in 5 years?"

If anyone actually answers that question literally, and the interviewer accepts the answer and hires that person, those two richly deserve each other.