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Walgreens: Fiscal Q3 Earnings Snapshot
- Walgreens Boots Alliance reports third-quarter sales of $38.99 billion, up 7.2% yoy, with EPS of $0.38 beating estimates as it advances a $23.7 billion deal to go private with Sycamore Partners.
- Walgreens' long-term struggles with declining profitability, nearly $7 billion in debt, and plans to close 1,200 US stores prompted its move to go private through a $23.7 billion deal.
- Walgreens' third quarter saw pharmacy sales rise 11.8% with 14.6% comps, while international revenues increased 7.8% to $6.2 billion; retail sales declined 5.3%, resulting in a $175 million net loss.
- Following the earnings report, Walgreens shares rose 0.9% pre-market as the company withdrew fiscal 2025 guidance, with Evercore ISI stating the acquisition remains unaffected.
- Looking ahead, Walgreens' $23.7 billion deal to go private is set for Q4 2025, with Nasdaq delisting facilitating its turnaround efforts as a private entity.
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Walgreens Beats Earnings Estimates as It Prepares to Go Private
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.
·United States
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Total News Sources23
Leaning Left3Leaning Right2Center7Last UpdatedBias Distribution58% Center
Bias Distribution
- 58% of the sources are Center
58% Center
L 25%
C 58%
R 17%
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