Walgreens Stock Surges on Strategic Overhaul Announcement

Walgreens Boots Alliance shares experienced a dramatic upswing, climbing more than 12% following the release of quarterly earnings that surpassed market projections. The pharmacy chain, which has faced significant challenges, revealed a comprehensive restructuring plan that includes shuttering approximately 1,200 stores across the United States over the coming three years. This represents nearly 14% of the company’s domestic retail footprint.

The company reported adjusted earnings of $0.39 per share for its fourth quarter of 2024, outperforming the $0.36 per share consensus among market analysts. Revenue reached $37.55 billion, substantially exceeding the $35.76 billion forecast by financial experts. Despite these positive indicators, Walgreens recorded a substantial net loss totaling $3 billion for the period.

Strategic Store Closures to Enhance Profitability

Chief Executive Officer Tim Wentworth outlined an... Read more...