Reported about 24 hours ago
Walgreens reported better-than-expected fiscal first quarter results, yet faced a loss of $265 million due to store closures as part of its turnaround strategy. The company is addressing declining prescription reimbursements and rising costs, having announced plans to close around 1,200 U.S. locations. Despite challenges, Walgreens saw a 7.5% increase in revenue to $39.5 billion and a notable rise in its established pharmacy sales, while reaffirming its fiscal 2025 earnings forecast.
Source: YAHOO