Walgreens (WBA) CEO Tim Wentworth joins Yahoo Finance's Anjalee Khemlani at the JPMorgan Healthcare Conference to discuss the retail pharmacy's plans for 2024.
"We have significant capital reductions that we're making without impacting the underlying business in a meaningful way and cost reductions," Wentworth explains. "So there's that piece of it, but that really frees up the capital then to do the investment, in not only in the stores and in additional services in the stores, but importantly the broader health services portfolio. What you've seen this year there is what I would say getting to profitability - we are recovering almost $400 million of incremental profitability..."
Wentworth also comments on the outlook for pharmacy services and the likelihood of vertical integration prospects.
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