Walgreens Boots Alliance reported a $520 million “adverse Covid-19 impact” in its fourth quarter as the global drugstore chain begins a slow rebound during the pandemic.
Walgreens, which owns more than 21,000 stores around the world in more than 25 countries, said net income fell nearly 45% to $373 million in its fiscal 2020 fourth quarter ended Aug. 31 due to the surge of cases of Covid-19 that caused customers to shelter in their homes and slow the global economy. Fourth quarter sales increased 2% to $34.7 billion.
