Walgreens stock fell 64% in 2024 due to declining vaccine demand and poor acquisitions.

From Nasdaq: 2025-01-14 17:03:52

Shares of Walgreens Boots Alliance (NASDAQ: WBA) plummeted 64% in 2024 due to declining vaccine demand, consumer spending challenges, and poor acquisitions. The company cut its dividend, took a multibillion-dollar impairment charge, and was removed from the Dow Jones Industrial Average. Despite signs of recovery in the first quarter of the year, Walgreens struggled with missed estimates and guidance cuts throughout 2024.

Walgreens’ stock fell steadily throughout the year, reaching its lowest point after a disappointing earnings report in June. However, the company showed signs of stabilization in its first-quarter earnings report this year, with a growing top line and a dividend yield of 10.9%.

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