Walgreens Earnings Loom: Cost-cutting Measures and Favorable Sales Mix Likely Improved Margins

This quarter, we expect the numbers to be a bit out of the ordinary, given the slew of initiatives the company announced during its analyst meeting, shortly after the Q2 earnings release. Out of the many initiatives, we will focus in this article on the ones that we believe will impact the company?s financials immediately. We expect to see improvements in Walgreens? operating margin, primarily due to cost reductions as well as favorable shifts in the sales mix (i.e. towards higher margin product...