💬 Quoted…​​ “Maybe we cried too much last year.”

During Walgreens’ earnings call yesterday, CFO James Kehoe said the company may have overblown its concerns about theft, after the company’s shrinkage – which accounts for items that were shoplifted or damaged, lost, or stolen by employees – stabilized last year.

• But other retailers like Walmart and Target appear to be in a different boat. Walmart CEO Doug McMillon recently said the company may have to close stores and raise prices if its problem doesn’t get under control, while Target reported a $400 million loss due to shrinkage on its last earnings report.

💰🐈 Stat of the Day: Taylor Swift’s cat, Olivia Benson, is the third richest pet in the world with a net worth of $97 million, per a report from All About Cats. But that’s a paltry sum compared to #1 on the list: a German shepherd named Gunther VI, who has a reported net worth of $500 million😳.

🤯 Did You Know?... Potato-shaped stones are better for skipping, per a mathematical model developed by University of Bristol and University College London professors.

📖 Worth a Read: The typo that scandalized a continent → (Ripley’s)