What Does boots Mean?

We have now a firm grasp of the problems and they are Performing to handle these challenges within our company model. Fourth, though it could get time and there's an excessive amount of get the job done underway, I'm self-confident we're executing around the conclusions from our strategic overview thoughtfully and urgently to deliver the Walgreens that our country requires. With that, let's start out Q&A. Operator?

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We've been doubling down on our efforts to outline the way forward for pharmacy During this nation. As I mentioned earlier, this starts with shifting the dialog with payers and PBMs to guarantee we are paid relatively for the worth we provide. We also are buying the industry's finest talent.

Our precise final results could differ materially as a consequence of many things, including those listed on Slide two and people outlined inside our newest Form ten-K filed Using the Securities and Exchange Fee.

We will keep on to generally be an Trader, but what we are really looking to do is put money into money-mild solutions to become a broader companion across the industry with An array of vendors and with An array of payers, in addition to a range of pharmaceutical producers. And we predict we're rather well-positioned to try this, specially depending on the conversations we have previously been possessing over the last a few months.

The accomplishment of the enterprise hinges on an successful, really pertinent buyer working experience, and we've released a multifaceted motion strategy for advancement. Given that the handy desired destination for millions of shoppers and driving $27 billion of retail income, the store and its electronic channels are central to our system and buyer practical experience.

So at this point, I think We have now a pretty good check out of -- dependent on The placement of the stores, what can be the retention on the script facet?

And individuals, frankly, enjoy acquiring their care in these kind of enterprises. But what we have said and I'll condition all over again is we'll become a companion to VillageMD within an ongoing way.

Guaranteed. So I am going to flip it above to Manmohan for that absolutely free hard cash movement discussion then Mary to provide you with any color on payer conversations.

Retail pharmacy is central to the future of the knowledge that We'll create and The expansion alternative footwear that we'll have. It is necessary, but it will be distinct. And about the coming quarters, we anticipate exhibiting you, as well as telling you, how It'll be unique and the sort of results that it's going to realize in a far more money-helpful way.

Sale-leaseback gains, net of incremental lease cost, resulted in the $277 million headwind to AOI within the quarter. As talked over 3 months ago, we don't anticipate any product Positive aspects from sale-leaseback gains heading ahead.

Walgreens Boots Alliance initial explored a sale of Boots and its No7 attractiveness model in 2021, but afterwards resolved versus it, citing the macroeconomic environment and mounting speculation that the U.S. would slide right into a economic downturn.

A "elaborate investigation" is continuous to determine the foundation reason behind the outbreak in order that steps may very well be taken to stop a recurrence.

And eventually, we expect script volume progress to stay muted and foresee ongoing pressures on pharmacy margins. In gentle of such variables, we've been reducing our outlook.

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