Walgreens Boots Alliance said its earnings suffered a negative impact of $700 million to $750 million as the company sustained a major loss of global business from the surge of cases of the coronavirus strain Covid-19 that caused its customers to shelter in their homes.
Early on as the Covid-19 pandemic began, Walgreens and other retailers like CVS Health and Walmart benefitted from Americans and other global customers stocking up on healthcare items and other merchandise like toilet paper and cleaners given drugstores were among the businesses allowed to stay open.
