The retailer's sales jumped 11.3% but margins were pressured as consumers switched to e-commerce amid the coronavirus crisis.
At some point, cost cutting and higher prices can hinder growth and destroy value.
Price is an outcome, not an input.
But the drugstore chain's same store-sales fell short of estimates in part due to the introduction of low-margin generic drugs.
Companies with the most developed and proactive approaches to risk management were more likely to have increasing profit margins, a PwC study found.
Accounting tops the list among privately-held businesses, but sectors of health care and real estate have rebounded nicely and dominate the rankings.
