The Zhitong Finance App learned that as American consumers continue to cut expenses under the pressure of high interest rates, Walgreen-United Bosch (WBA.US), one of the largest pharmacy chain operators in the US, plans to close 14% of US stores to cut costs and strive to accelerate the improvement of the company's profit fundamentals. Stimulated by this news of cost cuts and relatively optimistic latest financial data, Walgreen-United Bosz (“Walgreens” for short) stock prices rarely soared. According to investors, the pharmacy chain's active plans to further reduce retail costs and improve cash flow are expected to increase the company's profits and give them the impetus to increase stock prices.

The Zhitong Finance App learned that as American consumers continue to cut expenses under the pressure of high interest rates, Walgreen-United Bosch (WBA.US), one of the largest pharmacy chain operators in the US, plans to close 14% of US stores to cut costs and strive to accelerate the improvement of the company's profit fundamentals. Stimulated by this news of cost cuts and relatively optimistic latest financial data, Walgreen-United Bosz (“Walgreens” for short) stock prices rarely soared. According to investors, the pharmacy chain's active plans to further reduce retail costs and improve cash flow are expected to increase the company's profits and give them the impetus to increase stock prices.