Cencora falls after confirming loss of certain Walgreens business
12/08/2026 18:36
BUZZ-Cencora falls after confirming loss of certain Walgreens business ** Shares of drug distributor Cencora COR.N fall 5.3% to $316.19
** Cencora says certain Walgreens prescription drug volumes that it previously serviced is longer being handled by the company as of July 1
** Walgreens is a significant chunk of COR revenue but at very low margins, says brokerage Leerink Partners
** "We believe that the totality of this business could represent around 3.0% to 3.5% of COR's enterprise per-share profit," adds Leerink
** Including session's move, stock down 5.5% YTD
(Reporting by Christy Santhosh)