– Walgreens Shares Crash 20% On Full-Year Guidance Cut, Warns “Worse-Than-Expected” Consumer Environment :
Mounting evidence of a consumer slowdown is becoming undeniable for the Biden team, which has nothing but cheerleaded failed economic policies dubbed ‘Bidenomics’ ahead of the presidential elections this November. We have detailed the consumer downturn extensively, citing notes from Goldman, whose top analysts told clients earlier this week to begin shorting “our Middle-Income Consumer basket (GSXUMIDC).”
It was only Wednesday that Cheerios cereal maker General Mills reported a dismal sales outlook as consumers pulled back on spending in the era of elevated supermarket prices. Now, drugstore chain Walgreens Boots Alliance Inc. has slashed its full-year earnings thanks to a “worse-than-expected” consumer environment.
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