Walgreens' stock jumps 10% as troubled drugstore chain shows ‘early progress' with turnaround
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Walgreens Boots Alliance Inc.'s stock surged 10% after the company reported a loss but exceeded expectations on an adjusted basis, indicating early progress in its turnaround efforts.
January 10, 2025 | 1:00 pm
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Walgreens Boots Alliance Inc. saw its stock rise by 10% after reporting a loss but surpassing adjusted estimates, signaling early progress in its turnaround strategy.
The 10% increase in Walgreens' stock price is attributed to the company's performance exceeding adjusted estimates, which is a positive indicator for investors. This suggests that the company's turnaround efforts are beginning to show results, boosting investor confidence.
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