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Many stores closed. But Walgreens was one of the few stores that were allowed to remain open so that may have led to a bump in traffic, particularly as they sol
by rsj_hn 5y ago
Many stores closed. But Walgreens was one of the few stores that were allowed to remain open so that may have led to a bump in traffic, particularly as they sold masks, disinfectants, medicine, bottled water, toilet paper, and all that stuff that people during the pandemic wanted to buy.
But it's tough to say how much each factor contributed. We do know that Walgreens' parent company lost 1.7 Billion in the third quarter of 2020 but swung to a 300M profit in the 4th quarter and is doing well overall so far in 2021, so nationally they did take a hit but that ended 8 months ago.