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Walgreens Reports Strong Q4 Results Amid Major Cost-Cutting Efforts and Store Closures

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the staff of the Ridgewood blog

Ridgewood NJ, Walgreens, one of the nation’s largest drugstore chains, surprised Wall Street with stronger-than-expected sales and adjusted profits for its fiscal fourth quarter, thanks to aggressive cost-cutting measures. On Tuesday, the company also revealed plans to close around 1,200 stores over the next three years, including 500 closures in fiscal 2025 alone.

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