24/7 Market News Snapshot 10 January, 2025 – Walgreens Boots Alliance, Inc (NASDAQ:WBA)

January 10, 2025

DENVER, Colo., 10 January, 2025 (247marketnews.com) – (Nasdaq:WBA) are discussed in this article.
Walgreens Boots Alliance, Inc. (Nasdaq:WBA) has recently demonstrated significant momentum in the stock market, with its shares climbing to an impressive $11.390, reflecting a remarkable increase of over 23.5% from the previous session’s close of $9.220. Today’s trading activity has also been robust, with a trading volume of 21.54 million shares, signaling strong investor interest in the company. This bullish trend has drawn attention to WBA as a stock to watch closely.

In conjunction with this surge in stock value, WBA has reported its financial results for the first quarter of fiscal 2025, highlighting a 7.5% increase in sales, totaling $39.5 billion compared to the same period last year. This growth has been attributed to strong performance across all business segments. The U.S. Retail Pharmacy segment particularly excelled, with sales of $30.9 billion, marking a 6.6% increase year-over-year. Pharmacy sales notably surged by 10.4%, and comparable prescriptions filled rose by 2.3%, demonstrating resilience amid broader industry challenges.

Despite these gains, the company faced profitability hurdles, posting an operating loss of $245 million, contrasting with the $39 million loss in the same quarter of the previous year. Adjusted operating income stood at $593 million. WBA is navigating higher costs due to its Footprint Optimization Program and addressing the softer retail environment.

CEO Tim Wentworth emphasized the company’s strategic initiatives aimed at optimizing operations and enhancing cash flow to stabilize its retail pharmacy sector. He noted, “Our early progress reinforces our belief in a sustainable, retail pharmacy-led operating model,” indicating that while the turnaround may require time, the groundwork for future growth is firmly being established. Through an integrated healthcare model, Walgreens Boots Alliance is well-positioned to become a key player in the pharmacy and healthcare markets, focusing on operational improvements that enhance patient care and foster long-term sustainability.

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