Walgreens Reports $265 Million Loss And Sees Progress On Turnaround
1. Walgreens reported a $265 million loss in Q1 fiscal 2024. 2. Sales rose 7.5% to $39.5 billion, driven by pharmacy growth. 3. The company is focusing on a turnaround amid ongoing store closings. 4. U.S. retail pharmacy sales increased by 6.6%, offsetting store challenges. 5. CEO claims early progress, but turnaround will take time.