Walgreens (WBA) released first-quarter earnings results beating expectations on both the top and bottom lines, while slashing dividends to aid in its cash position. The company also faces some of the challenges that the consumer sector poses from credit card delinquencies and resuming of student loan payments putting pressure on consumers. Jefferies Healthcare Services Equity Research Brian Tanquilut joins Yahoo Finance to discuss the challenges Walgreens faces and take a look ahead at the outlook for the consumer sector overall. "There are initiatives from companies such as Walgreens or even CVS (CVS) to partner with pharmacy schools and things like that, and then automation and trying to ease the burden of the job from the pharmacist by introducing AI, by introducing more automation," Tanquilut says. "So, I think that these companies, especially the well-funded ones such as Walgreens and CVS, are putting in the right efforts to maximize the efficiency and the capacity of the pharmacists that they have, but certainly recruiting is an issue." For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live. Editor's note: This article was written by Nicholas Jacobino

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