Walgreens tops estimates as drugstore chain cuts costs, prepares to go private

Walgreens tops estimates as drugstore chain cuts costs, prepares to go private


A sign for US drugstore chain Walgreens is displayed outside its store in New York City on March 7, 2025.

Angela Weiss | AFP | Getty Images

Walgreens on Tuesday reported fiscal second-quarter earnings and revenue that topped expectations, as the retail drugstore giant benefits from cost cuts and prepares to go private.

The company is in the process of being taken private by Sycamore Partners in a deal that is expected to close in the fourth quarter of this year.

Here’s what Walgreens reported for the three-month period ended Feb. 28 compared with what Wall Street was expecting, based on a survey of analysts by LSEG:

  • Earnings per share: 63 cents adjusted vs. 53 cents expected
  • Revenue: $38.59 billion vs. $38 billion expected

This story is developing. Please check back for updates.



Source

Used vehicle prices ease from tariff fear-buying highs but remain elevated
Business

Used vehicle prices ease from tariff fear-buying highs but remain elevated

A Ford mustang is seen at a used car dealership in Montebello, California on May 5, 2025. Frederic J. Brown | AFP | Getty Images DETROIT — Used vehicle prices last month eased from their recent high in April as consumers who may have needed a vehicle but feared price hikes due to tariffs flocked […]

Read More
Walmart plans to expand drone deliveries to three more states
Business

Walmart plans to expand drone deliveries to three more states

Walmart is bringing drone deliveries to three more states. On Thursday, the big-box retailer said it plans to launch the speedier delivery option at 100 stores in Atlanta, Charlotte, Houston, Orlando and Tampa within the coming year. With the expansion, Walmart’s drone deliveries will be available in a total of five states: Arkansas, Florida, Georgia, […]

Read More
Lululemon shares tumble 20% as it cuts full-year guidance, citing ‘dynamic macroenvironment’
Business

Lululemon shares tumble 20% as it cuts full-year guidance, citing ‘dynamic macroenvironment’

People walk past a Lululemon department store in New York City on June 5, 2024. Michael M. Santiago | Getty Images Lululemon beat Wall Street expectations for fiscal first-quarter earnings Thursday, but cut its full-year earnings guidance, citing a “dynamic macroenvironment.” As the company navigates tariffs and fears about a slowing U.S. economy, CEO Calvin […]

Read More