Two years into his tenure, Walgreens CEO Tim Wentworth has battled stagnant retail growth, falling stock prices and faced tough decisions about Walgreens' alliance with VillageMD. The earnings announced Tuesday show the magnitude of that challenge. Here is a timeline of key events outlining Wentworth's efforts to get Walgreens back on track.

Walgreens Boots Alliance said on Tuesday it would shut 1,200 stores over the next three years as new CEO Tim Wentworth plots a turnaround at the struggling pharmacy chain operator hit by sluggish consumer spending and low drug reimbursement rates.

The company had confirmed plans in June to USA TODAY to close unprofitable stores but had not disclosed how many locations would be affected.Start the day smarter. Get all the news you need in your inbox each morning.

Walgreens is planning to close around 1,200 locations, as the drugstore chain and its rivals struggle to define their role for U.S. shoppers who no longer look to them first for convenience

Walgreens narrowly beat Wall Street’s lowered estimates for fourth-quarter adjusted profit, and forecast fiscal-year earnings that were mostly in line with expectations

Walgreens plans to close about 1,200 locations over the next three years as the drugstore chain seeks to turnaround its struggling U.S. business

Walgreens Boots Alliance said on Tuesday it would shut 1,200 stores over the next three years as new CEO Tim Wentworth plots a turnaround at the struggling pharmacy chain operator hit by sluggish consumer spending and low drug reimbursement rates.

After sharing that a quarter of its locations are unprofitable, the retail chain said it’s aiming to cut a substantial number by 2027. Walgreens is targeting to close approximately 1,200 stores over the next three years,

While the decision to close a store is never an easy one, we feel confident in our ability to serve our customers,’ Walgreens CEO Tim Wentworth said.