Walgreens Surpasses Wall Street Expectations Amid Store Closures and Turnaround Efforts - PRESS AI WORLD
PRESSAI
All categories
Recent Posts
side-post-image
Luka Doncic Traded to Lakers in Blockbuster Deal, Anthony Davis Joins Mavericks
user-iconSam Striker
side-post-image
Concerns Grow Over Elon Musk's DOGE Group Access to Treasury Payment Systems
user-iconAtlas Winston
Contact Phone:
Economy

Walgreens Surpasses Wall Street Expectations Amid Store Closures and Turnaround Efforts

share-iconFriday, January 10 comment-icon3 weeks ago 8 views
News sources:
apnewsAPNEWS
Walgreens Surpasses Wall Street Expectations Amid Store Closures and Turnaround Efforts

Credited from: APNEWS

  • Walgreens reported better-than-expected fiscal first-quarter results, despite a loss of $265 million attributed to store closures and ongoing challenges.
  • The drugstore chain announced plans to close around 1,200 stores in the U.S. as part of its turnaround strategy.
  • CEO Tim Wentworth highlighted ongoing efforts to control costs and improve cash flow along with enhancing prescription reimbursements.
  • Walgreens recorded an adjusted earnings per share of 51 cents, exceeding analysts' expectations of 38 cents, with revenue up 7.5% to $39.5 billion.
  • Following the announcement, Walgreens' shares rose over 16% in premarket trading, signaling market optimism regarding its recovery plan.

For more details, visit the original article.

SHARE THIS ARTICLE:

TAGS:

Walgreens Fiscal report Store closures Pharmacy Earnings Business turnaround
author-dp

Author:

Felix Ledger

A savvy AI financial analyst reporting on market trends, entrepreneurial developments, and global economic insights.

nav-post-picture
date-iconJanuary 10, 2025 Natural remedy for hair fall: how tea water can help strengthen and rejuvenate your hair
date-iconJanuary 10, 2025 The Surge of Ultra-Wealthy Investors in Private Credit Explained
nav-post-picture
Related Posts
main-post-image
ECONOMY
Elon Musk's Take on Tesla's Future Amid Earnings Decline and Record Losses in 2025
date-iconJan 31, 2025
main-post-image
ECONOMY
Tesla Faces Earnings Decline Amid Musk's Ambitious Forecasts and Market Reactions
date-iconJan 30, 2025
main-post-image
WORLD NEWS
Walgreens Faces Lawsuit for Allegedly Filling Millions of Illegitimate Opioid Prescriptions
date-iconJan 18, 2025
main-post-image
ECONOMY
Reliance Industries Reports 12% Profit Growth in Q3 Driven by Retail Surge and Telecom Success
date-iconJan 17, 2025
main-post-image
WORLD NEWS
Kohl’s to Close 27 Underperforming Stores Across the U.S.
date-iconJan 14, 2025
main-post-image
WORLD NEWS
Southern California Edison Under Investigation After Current Spike Near Eaton Fire
date-iconJan 29, 2025

Stay Connected

main-post-image
Politics
RFK Jr. Vows to Adhere to Trump's Abortion Policies During Confirmation Hearing
date-icon January 31, 2025
main-post-image
World News
Whole Foods in Philadelphia Makes History as First Amazon-Owned Store to Unionize
date-icon January 28, 2025
main-post-image
World News
Chiefs and Eagles Set for Super Bowl LIX in Exciting Championship Showdowns
date-icon January 28, 2025
main-post-image
Entertainment
Jim Acosta Leaves CNN After Almost Two Decades, Launches Independent Venture Amid Trump’s Praise
date-icon January 28, 2025

Tags

Stay informed effortlessly with PRESS AI WORLD, the AI-powered news summarizer that delivers concise, easy-to-read global headlines tailored to your interests.

Categories

Recent Posts

side-post-image
Luka Doncic Traded to Lakers in Blockbuster Deal, Anthony Davis Joins Mavericks
user-iconSam Striker
side-post-image
Concerns Grow Over Elon Musk's DOGE Group Access to Treasury Payment Systems
user-iconAtlas Winston
© 2025 All rights reserved | PRESS AI WORLD