Walgreens Cuts Forecast, to Close 300 Boots Stores in UK.

(Bloomberg) -- Walgreens Boots Alliance Inc. slashed its full-year profit forecast and announced plans to close 450 stores in the US and UK, sending the drugstore chain's stock plunging. "There has been a steep drop-off in Covid vaccines and testing, and with the end of the public-health emergency we are also experiencing a slower profit ramp for US health care", Chief Executive Officer Roz Brewer said on the earnings call. [Extracted from the article]