Drugstore chain Walgreens Boots Alliance Inc reported quarterly profit above market expectations on Monday, benefiting from higher prices for branded drugs and an increase in prescription volume. Walgreens’ stock has been under pressure since the start of the year as investor expectations over the company’s growth prospects took a hit in the face of low reimbursement rates for filling prescriptions. “While we still face headwinds, I am encouraged by the improvement in U.S. comparable sales performance in the second half of fiscal 2019 and our progress in managing costs,” Chief Executive Officer Stefano Pessina said in …read more
Source:: Yahoo Finance
