​Walgreens Jumps Most In Years After Better-Than-Expected Earnings, Outlook, & Widespread Store Closures – Tyler Durden

Walgreens Jumps Most In Years After Better-Than-Expected Earnings, Outlook, & Widespread Store Closures Walgreens shares in New York surged the most in 16 years on Tuesday after the struggling pharmacy chain delivered an unexpectedly optimistic forecast for 2025. Simultaneously, Walgreens announced plans to shutter over a thousand stores nationwide as its turnaround plan gains steam.  Fourth-quarter earnings were 39 cents, beating the Bloomberg consensus of 36 cents. This indicates that the struggling drugstore chain is executing on its aggressive cost-cutting measures in an ambitious turnaround plan after years of pain. Here’s a snapshot of the quarterly results (courtesy of Bloomberg): Adjusted EPS 39c…  — Continue at ZeroHedge News : Read More