Reported 1 day ago
Walgreens Boots Alliance saw its stock rise more than 14% following the announcement of better-than-expected sales and adjusted profits for the first quarter. Despite a net loss of $265 million, the company reported revenue of $39.46 billion, significantly surpassing analyst predictions. Walgreens is also in the process of implementing a turnaround strategy, which includes closing 1,200 underperforming stores over the next three years.
Source: YAHOO