We have a business grasp of the issues and they are Doing work to handle these challenges inside our organization model. Fourth, though it could get time and there's a great deal of function underway, I'm self-assured we have been executing within the conclusions from our strategic evaluation thoughtfully and urgently to deliver the Walgreens that our nation requires. With that, let us commence Q&A. Operator?
Thanks, Charles. So I will get the primary section. As far as leases, certainly one of the good news tales Here's we actually open merchants about a lengthy period of time that I do think was widely acknowledged for being on the top corners in the usa.
We are committed to continuing to take a position in Boots UK and come across ground breaking methods for this organization to satisfy its opportunity. Moving next to VillageMD, which now includes three distinct assets in VillageMD, Summit Well being, and CityMD, we believe in the future of these companies and plan to remain an investor and spouse.
"There was just one individual night time I used to be fearful to go to sleep mainly because I thought 'I am not planning to wake up'."
Then third, we are going to end things. And albeit, we have already got stopped certain things that do not fit this lens or generate around-phrase benefit. In some instances, we are going to exit or restructure Individuals matters, so it's important that we keep really laser-centered on that.
And to the pharmacy facet, A few of these headwinds will carry on as you're thinking that by this. So This is often -- they are all kind of the making blocks as you work by modeling '25.
And then maybe, finally, I'd say, look, this is a top priority for us in the company, and all the actions we've outlined will proceed to boost the money movement place right here.
Correct. I would not speak to distinct payer discussions, but I will say that there's an comprehending plus a collaboration going unique boots on that A few of these designs need to have to vary, and we're reshaping our latest negotiations on brand name vs . generic reimbursement, and obviously, in conversations on Some new versions, new payment styles which are around.
And perhaps also, when you check out these stores, the amount with the underperformance is just purely a broad retail difficulty of just a weak buyer versus perhaps merchants which are going through bigger levels of shrink?
We're also using a concentrated approach on People suppliers to acquire them in the appropriate context. And I guess the last thing that I might say, Charles, as you recognize, this is a multilevel set of components that come into Engage in involving ourselves, concerning community, point out officials, amongst law enforcement.
During this connect with, We are going to discuss sure non-GAAP money actions. These actions are reconciled to probably the most directly equivalent GAAP monetary measures, and also the reconciliations are set forth within the push launch.
We've been at a degree wherever The present pharmacy design just isn't sustainable, and also the worries inside our operating ecosystem involve we tactic the marketplace in different ways. As an example, we're in active discussions with our PBM and payer associates to align incentives and make sure we are paid quite.
"Whilst we imagine there is critical curiosity With this enterprise at the ideal time, Boots' development, strategic toughness and cashflow remain essential contributors to Walgreens Boots Alliance.
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