Investors are applauding the pharmacy retailer's plan to close many of its unprofitable stores.Shares of Walgreens Boots Alliance (WBA 11.72%) were skyrocketing 14% higher as of 11:14 a.m. ET on Tuesday. The huge gain came after the pharmacy retailer announced its fiscal 2024 fourth-quarter results earlier in the morning.Walgreens reported sales of $37.5 billion for the period ended Aug. 31, up 6% year over year. The average analysts' estimate was for Q4 revenue of $35.75 billion, according to LSEG.The comp ...

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For the quarter ended August 2024, Walgreens Boots Alliance (WBA) reported revenue of $37.55 billion, up 6% over the same period last year. EPS came in at $0.39, compared to $0.67 in the year-ago quarter.The reported revenue compares to the Zacks Consensus Estimate of $35.74 billion, representing a surprise of +5.07%. The company delivered an EPS surprise of +8.33%, with the consensus EPS estimate being $0.36.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wa ...

KEY TAKEAWAYSWalgreens Boots Alliance said Tuesday that it is shutting around 1,200 stores over the next three years, as the drugstore chain moves to turn around its troubled U.S. business.The chain said it would shut 500 stores in fiscal 2025, and that the closures would be "immediately accretive" to its adjusted EPS and free cash flow.Walgreens also reported fourth-quarter revenue and adjusted EPS that beat Wall Street estimates.Shares of the company are rising more than 3% in premarket trading. Walgreens ...

| --- | --- | --- | |------------------------------------------------------------|-------|-------| | | | | | | | | | Fourth Quarter and Fiscal 2024 Results October 15, 2024 | | | | © 2024 Walgreens Boots Alliance, Inc. All rights reserved. | | | Safe Harbor and Non-GAAP Cautionary Note Regarding Forward-Looking Statements: All statements in this presentation that are not historical are forward-looking statements for purposes of the safe harbor provisions of the Private Securities Litigation Reform Act of 19 ...

Walgreens Boots Alliance (WBA) came out with quarterly earnings of $0.39 per share, beating the Zacks Consensus Estimate of $0.36 per share. This compares to earnings of $0.67 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 8.33%. A quarter ago, it was expected that this largest U.S. drugstore chain would post earnings of $0.67 per share when it actually produced earnings of $0.63, delivering a surprise of -5.97%.Over the last ...

Walgreens plans to close at least 1,200 stores over the next three years as the pharmacy giant seeks to reduce costs and turn around operations under a new leader.  One of the largest drugstore chains in the country, Walgreens said it was targeting 900 to 1,000 stores primarily across the U.S. by the end of fiscal year 2027, which is part of the company's "multi-year footprint optimization program." About 500 stores are slated to close as early as fiscal year 2025.WALGREENS TO PAY $106.8M OVER CLAIMS IT BIL ...

Walgreens announced that it will shutter 1,200 stores over the next three years — and 500 locations in 2025 alone — as the drugstore giant seeks to slash $1 billion in costs.The Chicago-based pharmacy chain, which has around 8,700 locations nationwide, told analysts on Tuesday that one in four of its stores are unprofitable.The closures were announced in June but the company had not disclosed the number of affected stores at that time. Walgreens announced that it will shutter 1,200 stores over the next thre ...

Every once in a while, a major brand name and its stock’s existence are challenged. Often, the price action and the threatening state of the company are justified, and the business does end up going under. Other times, this is not the case, and investors can catch a life-changing rally in their portfolios. Today, one stock offers investors such an opportunity.Walgreens Boots Alliance TodayWBAWalgreens Boots Alliance$9.00 -0.21 (-2.28%) 52-Week Range$8.22▼$27.05Dividend Yield11.11%Price Target$13.46Add to Wa ...

Exhibit 99.1 1 Walgreens Boots Alliance Reports Fiscal Year 2024 Earnings Fourth Quarter In Line with Expectations; Announces Accretive Footprint Optimization Program Fourth quarter financial results • Fourth quarter loss per share 1 was $3.48 versus loss per share of $0.21 in the year-ago quarter. Loss per share in the current quarter includes a non-cash charge for valuation allowance on deferred tax assets primarily related to opioid liabilities recognized in prior periods, and non-cash impairment charges ...