The company said on Thursday that the restructuring, which will also include reorganizing field and corporate operations and streamlining IT and other functions, would result in pre-tax charges of about $1.6 billion-$1.8 billion over time.
The company, formed by Walgreens' takeover of Europe's Alliance Boots in December, reported net sales of $26.6 billion for the second quarter ended Feb. 28.
Analysts on average had expected sales of $27.77 billion, according to Thomson Reuters I/B/E/S.
Net income attributable to Walgreens Boots was $2.04 billion, or $1.93 per share. Walgreens alone earned $716 million, or 74 cents per share, in the year-earlier period.
Excluding items the company earned $1.18 per share, beating analysts' average estimate of 95 cents.
(Reporting by Shailaja Sharma in Bengaluru and Nandita
Bose in Chicago; Editing by Ted Kerr)
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