Walgreens Boots Alliance Inc.’s stock jumped 10% early Friday after the troubled drugstore chain posted another loss but blew past estimates on an adjusted basis and said it would continue to work on a turnaround.

Walgreens Stock Rockets 26%: Is This the Turnaround Investors Have Been Waiting For?

Walgreens Boots Alliance (WBA) sees shares rise on strong Q1 results and upbeat FY25 expectations, with focus on cost-cutting and turnaround efforts.

Walgreens stock is soaring Friday after the embattled pharmacy chain reported strong earnings and gave an upbeat outlook.

Walgreens Boots Alliance beat analysts' lowered expectations for first-quarter adjusted profit on Friday and indicated that its restructuring was taking hold, sending the U.S. pharmacy chain operator's shares up nearly 25%.

Key Takeaways Walgreens shares jumped Friday morning after the retailer recorded better sales and adjusted profits than analysts had expected.Revenue rose from last year, while the company recorded a larger net loss than expected as it starts a turnaround plan that includes closing 1,

Walgreens Boots Alliance beat analysts' lowered expectations for first-quarter profit and maintained its annual forecast on Friday, as the healthcare company benefits from CEO Tim Wentworth's efforts to turn around its business.

Walgreens Boots Alliance ($WBA) stock was up 0.43% in after-hours trading on Wednesday ahead of the pharmacy chain’s first-quarter earnings results, lifting retail sentiment. Walgreens was scheduled to report its earnings before the opening bell on Thursday but rescehduled the release due to the holiday observance for former president Jimmy Carter’s recent death.