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Walgreens

WBA beats Wall Street expectations in Q3

WBA beats Wall Street expectations in Q3

Operating loss was $64 million, compared to operating loss of $220 million in the year-ago quarter, reflecting lower acquisition-related amortization and higher contributions from VillageMD risk-based business.

Walgreens to close 500 locations this year

Walgreens to close 500 locations this year

The restructuring efforts follow Walgreens' $10 billion acquisition by private equity firm Sycamore Partners earlier this month, which is known for acquiring struggling retail brands and has a track record of implementing cost-cutting measures.