Walgreens Plans , ‘Significant’ Store Closures.br On June 27, Walgreens announced quarterly earnings br that were poorer than expected, NBC News reports.br The company's stock fell 15 in pre-market trading.br CEO Tim Wentworth issued a press release.br We continue to face a difficult operating br environment, including persistent br pressures on the U.S. consumer and the br impact of recent marketplace dynamics br which have eroded pharmacy margins, Tim Wentworth, Walgreens CEO, via press release.br Our results and outlook br reflect these headwinds, Tim Wentworth, Walgreens CEO, via press release.br Wentworth elaborated in an interview with CNBC.br The consumer is absolutely stunned by br the absolute prices of things, and the br fact that some of them may not be br inflating doesn’t actually change their br resistance to the current pricing, Tim Wentworth, Walgreens CEO, via CNBC.br On a call with analysts, Wentworth said that Walgreens' strategy will have to "include the closure of a significant portion of these underperforming stores.".br 75 of our stores drive 100 of our br profitability today. What that means is br the others we take a hard look at, we are br going to finalize a number that we will close, Tim Wentworth, Walgreens CEO, via call with analysts.