Fiona Rutherford (Bloomberg) — Walgreens Boots Alliance Inc. narrowed its fiscal 2024 guidance citing a challenging retail environment, including reduced consumer spending. Consumers are spending less on nonessential items and seeking more affordable options, Chief Financial Officer Manmohan Mahajan said on a call with investors. Mahajan also said the company saw a weaker-than-normal respiratory season. Walgreens has been finding ways to help increase cash flow as part of a broader strategy to invest more money into its pharmacy and health-care businesses.