US pharmacy giant offers up a big warning on the US consumer ...Middle East

The second-largest US pharmacy chain doesn't like what it's seeing from the US consumer.The company lowered its guidance in what it said was "reflecting challenging pharmacy industry trends and a worse-than-expected US consumer environment."Oftentimes, companies blame macro for poor execution but at other times they can offer an early sign of trouble. We have also heard warnings from housing-related companies POOL and RH recently.Shares of Wallgreens Boots Alliance (WBA) are down 19.7% premarket.In the conference call, the company said it saw a "sustained pullback in discretionary spending in the quarter" and it responded by lower prices. The company also said changes are imminent for 25% of

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US pharmacy giant offers up a big warning on the US consumer ...Middle East

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