Walgreens surpasses Q2 earnings expectations, to go private in $10B deal, shares rise 2% premarket

From CNBC: 2025-04-08 08:33:00

Walgreens reported Q2 earnings and revenue that exceeded expectations, benefiting from cost cuts. The company is to be taken private by Sycamore Partners in a $10 billion deal. It withdrew its fiscal 2025 guidance. Shares rose 2% in premarket trading.

In Q2, Walgreens had sales of $38.59 billion, up 4.1% from a year ago. The company reported a net loss of $2.85 billion, or $3.30 per share, excluding certain items. They made $1 billion in profit from cashing out early on shares and investments.

CEO Tim Wentworth highlighted disciplined cost management and improvements in U.S. Healthcare. The company is navigating challenges in the changing pharmacy and retail landscape. Operating cash flow was impacted by legal payments for settlements and disputes.



Read more at CNBC: Walgreens (WBA) earnings Q2 2025