Walgreens tops fiscal 2Q forecasts as personal fairness buyout awaits – The Gentleman Report | World | Business | Science | Technology | Health
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Walgreens tops fiscal 2Q forecasts as personal fairness buyout awaits

Walgreens tops fiscal 2Q forecasts as personal fairness buyout awaits
April 8, 2025



Walgreens delivered a better-than-expected fiscal moment quarter and smaller loss a month after saying that it will be purchased via a personal fairness company. The pharmacy chain booked pharmacy gross sales features, and its suffering VillageMD hospital trade delivered a smaller stability sheet hit within the lately concluded quarter. General, Walgreens stated Tuesday that it misplaced $2.85 billion in comparison to a $5.91 billion loss within the earlier 12 months’s quarter. Adjusted effects now not counting one-time pieces totaled 63 cents consistent with proportion in the latest quarter. Gross sales grew 4% to $38.59 billion. NasdaqGS – Nasdaq Actual Time Value • USD As of 12:25:03 PM EDT. Marketplace Open. Analysts anticipated fiscal second-quarter profits of 53 cents consistent with proportion on about $38 billion in earnings, in step with the knowledge company FactSet. Walgreens stated in March that it had agreed to be got via the non-public fairness company Sycamore Companions in a maintain an fairness price of just below $10 billion. The buyout got here as the pharmacy chain offers with a bunch of issues together with skinny prescription compensation, emerging prices and a VillageMD hospital trade that has struggled to achieve traction with sufferers. The Deerfield, Illinois, corporate is slicing prices and shutting retail outlets. In January, It stated it used to be postponing a quarterly dividend it has introduced for greater than 90 years. In its fiscal moment quarter, gross sales from Walgreens’ established U.S. pharmacies jumped 12%, helped partially via extra prescriptions. However retail gross sales in the ones retail outlets slipped round 3%. Walgreens Boots Alliance Inc. additionally runs just about 3,700 global retail outlets, with places in the UK, Mexico, Thailand and Eire. The U.S. phase is the largest a part of its trade. Within the contemporary quarter, Walgreens stated its working loss integrated a $3 billion, non-cash impairment rate tied partially to its VillageMD trade. That compares to a rate of greater than $12 billion within the earlier 12 months’s quarter. Walgreens withdrew its annual forecast because of its pending deal and didn’t host a convention name with analysts to speak about effects. Corporate stocks complex 19 cents to $10.90 Tuesday morning whilst marketplace indexes staged a larger rally from losses Monday.

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