Here are three things to know from Walgreens’ report:
1. Last year, Walgreens ended its 2021 fiscal year with operating income of $2.3 billion, compared to $1.4 billion in fiscal year 2022. The year-over-year decline is because of a $783 million trademarks and licenses charge in the U.K., a $683 million settlement with Florida about its opioid distribution, and a decrease in COVID-19 vaccinations.
2. In its fourth quarter, the healthcare business’ sales fell 5.3 percent from 2021 as it earned $32.45 billion in the last three months. Its net loss from continuing operations was $415 million.
3. Walgreens’ U.S. retail pharmacy sales fell 7.2 percent in the fourth quarter as the segment gained $26.7 billion in revenue.
Becker’s 3rd Annual Fall Chief Pharmacy Officer Summit is the top tier event that the people leading the future of pharmacy convene. This 3-day event is built specifically for Chief Pharmacy Officers and senior pharmacy leaders. The sessions examine the workforce, financial and clinical priorities shaping pharmacy today. Becker’s is where candid discussions flourish and new ideas thrive. Becker's 3rd Annual Fall Chief Pharmacy Officer Summit
