I am at Walgreens currently mainly because I have confidence in the future of retail pharmacy, and notably, within our potential. We're motivated through the have confidence in Us citizens area daily within their Walgreens Pharmacy, along with the practical experience we offer them within our retailers and with our digital choices is essential in their lives.
We also Do not Consider it accounts adequately with the complexity that we now encounter while in the procedure, and it absolutely doesn't facilitate Placing pharmacotherapy and behavioral interventions at the middle of Serious sickness management With this nation.
We are doubling down on our endeavours to define the future of pharmacy Within this nation. As I mentioned earlier, this starts off with shifting the dialog with payers and PBMs to make certain we have been paid quite for the value we offer. We can also be purchasing the industry's best talent.
Absolutely sure. And Incidentally, we share the same purpose that the second concern implicitly indicates, which can be, to become incredibly clear, while you've listened to us say or allow me to ensure you hear us say, we actually have a extremely powerful amount of conviction throughout the Main company that we have been remodeling listed here.
We will proceed to become an investor, but what we are definitely aiming to do is put money into cash-light-weight solutions to become a broader partner throughout the business with A variety of providers and with a range of payers, in addition to a choice of pharmaceutical makers. And we predict we're rather well-positioned to do this, notably depending on the discussions we've presently been having throughout the last 3 months.
This is a marketplace dynamic. And so if you examine Medicaid redetermination, as an example, Medicaid enrollment definitely ballooned over the pandemic as naturally they were not going persons outside of the Medicaid coverage.
We now have more exertions forward of us, and we've been centered on creating a stable foundation for the long run, driving the stabilization of our business, and returning to for a longer time-time period company development. With that, let me move it again to Tim.
Since it relates to the gross margin in pharmacy, I will go it to Manmohan. And as I speedily would point out, gross margin is not only discounting.
As we think by This autumn, we assume Q4 free dollars circulation to become positive, similar to third quarter, and that's which includes a around close to $150 million payment relevant to opioid from the quarter.
And place basically, the playbook is a tad dated and isn't going to account for nor does it adequately or rather buy the purpose and price that we predict the pharmacist is bringing and delivering companies.
So any other detail could well be terrific. And my next problem is just, I assume, more substantial photograph. I am aware you are not providing all the small print around the strategic evaluation, but your stock Custom made boots is down a lot pre-market.
We aren't using motion right now. We're dedicated to executing on all of these choices in a well timed method that maximizes shareholder benefit when producing optionality, and I sit up for offering more facts as we progress.
Consistent with our historic method, we will present our outlook for fiscal 2025 on our fiscal yr-conclude connect with in Oct, but we expect the current trends I have outlined to persist into upcoming calendar year.
The 2nd piece that does affect our gross margin yr more than year is the extent of shrink, and I think we talked about shrink in the last few calls as well. Now we have witnessed it on a growing pattern, and there are a number of steps that Tracey plus the crew are using to bring it again to historical norms.