Walgreens Boots Alliance (WBA) Q2 2024 Earnings Report

Walgreens Boots Alliance (WBA) reported its Q2 2024 financial results on February 29, 2024, revealing a challenging operating environment impacted negatively by inflation and shifting consumer behaviors. The company's total revenue rose by 6.28% year-over-year to $37.05 billion, yet net income saw a significant decline to a loss of $5.90 billion, primarily due to a hefty $5.8 billion non-cash goodwill impairment charge associated with its investment in VillageMD. Despite this, management highlighted solid performance in the international segment and noted its first quarter of positive Adjusted EBITDA in U.S. Healthcare, positioning the company for potential recovery. Balancing cost reduction initiatives with strategic investments in healthcare solutions remains a focus for management, reflecting their commitment to navigate the retail landscape effectively.