Jun 26, 2025 5:13 PM IST
US Stock Market LIVE Updates: Walgreens Beats in One of Its Last Quarters as Public Company
Walgreens Boots Alliance Inc. reported quarterly profit that beat Wall Street’s expectations, a hopeful sign as the pharmacy giant prepares to transform into a private company after its market value plummeted due to retail competition and lower prescription drug payments from insurance companies.
Adjusted earnings per share for the fiscal quarter, which ended May 31, were 38 cents, it said in a statement, above the average analyst estimate of 31 cents. Revenue was $39 billion, above the average estimate of $36.8 billion.
Shares rose less than 1% before markets opened in New York. They had gained 21% since the start of the year through Wednesday’s close.
Walgreens, the second-largest US pharmacy chain, is set to be purchased by private equity firm Sycamore Partners for $10 billion by the end of this year.