[alilleybrinker]

Here’s an article [1] quoting Walgreens’ CFO who, on an earnings call in early 2023, offered that Walgreens had in prior quarters likely overblown the level of shrink they were experiencing and expected to experience (“shrink” is the industry term for lost revenue due to theft and other causes).

Obviously this is more than a year ago, so it’s possible the facts on the ground have changed. However, this is reasonable evidence that at least as of a year ago, their shrink numbers were enough to be downplayed on an earnings call with investors.

[1]: https://www.cnn.com/2023/01/06/business/walgreens-shopliftin...