From Financial Modeling Prep: 2024-10-15 15:17:00

Walgreens Boots Alliance (NASDAQ:WBA) stock surged over 12% after reporting Q4 2024 earnings. EPS of $0.39 beat estimates of $0.36, with revenue hitting $37.55 billion, surpassing the expected $35.75 billion. International sales reached $5.97 billion, U.S. Retail Pharmacy sales rose to $29.47 billion, and U.S. Healthcare sales grew to $2.11 billion.

Despite strong sales, Walgreens’ adjusted gross margin dropped to 16.9% from 18.6%. For fiscal 2025, the company forecasts EPS of $1.40 to $1.80 and revenue of $147 billion to $151 billion, slightly above expectations. Adjusted operating income is projected at $1.6 billion to $2.0 billion, in line with consensus.

To combat challenges, Walgreens plans to close 1,200 stores in the next three years under new CEO Tim Wentworth. The move comes as the company faces weak consumer spending and declining drug reimbursement rates.



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