Walgreens tops estimates as drugstore chain cuts prices, prepares to advance non-public

Walgreens on Tuesday reported fiscal second-quarter profits and earnings that crowned expectancies, because the retail drugstore immense advantages from price cuts and prepares to advance non-public.

The corporate is within the means of being taken non-public by means of Sycamore Companions in a do business in this is anticipated to similar within the fourth quarter of this future.

Right here’s what Walgreens reported for the three-month length ended Feb. 28 in comparison with what Wall Side road used to be anticipating, in line with a survey of analysts by means of LSEG:

• Profits according to proportion: 63 cents adjusted vs. 53 cents anticipated
• Earnings: $38.59 billion vs. $38 billion anticipated

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