Reported about 23 hours ago
Walgreens Boots Alliance reported better-than-expected first-quarter earnings, indicating successful restructuring efforts that led to a nearly 25% surge in shares. Despite announcing store closures and a billion-dollar cost-cutting program, CEO Tim Wentworth reassured that the company is actively working to revive growth while addressing challenges such as low drug reimbursement rates and competition from CVS Health. Total sales also exceeded forecasts, showcasing a positive trend for the pharmacy chain.
Source: YAHOO