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Why Walgreens Boots Alliance Stock Caught a Cold Today

Why Walgreens Boots Alliance Stock Caught a Cold Today

Walgreens Boots Alliance (NASDAQ: WBA) had a lousy day on an generally prosperous Wednesday for stocks. The rival in question is Rite Aid, which unveiled its third quarter of fiscal 2023 results before market open. While the company notched modest beats on both the top and bottom lines, it lowered its non-GAAP (adjusted) earnings before taxes, depreciation, and amortization (EBITDA) guidance for the entirety of the fiscal year.