Walgreens' second-quarter profit beats ahead of Sycamore Partners deal close

Reuters

Apr 08, 2025

April 8 (Reuters) - Walgreens WBA.O, which is in the process of being taken private by Sycamore Partners, beat Wall Street estimates for quarterly profit on Tuesday as the pharmacy chain operator benefited from a turnaround effort that included closing underperforming stores.

On an adjusted basis, Walgreens earned 63 cents per share in the second quarter, compared with the average analyst estimate of 53 cents, according to data compiled by LSEG.

The company said it is withdrawing its fiscal 2025 forecast, pending the deal close.

TIMELINE-Walgreens, from pharmacy behemoth to distressed retailer nL6N3PQ0HG

(Reporting by Sneha S K and Christy Santhosh in Bengaluru; Editing by Shounak Dasgupta)

((Sneha.SK@thomsonreuters.com))

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