Walgreens Boots Alliance's stock rises 3% on 6% sales increase, surpassing analyst estimates.

Walgreens Boots Alliance's stock surged over 3% on the back of encouraging quarterly results, which included a 6% increase in sales and a double beat of consensus analyst estimates. The company recorded $37.05 billion in sales, with the U.S. retail pharmacy segment bringing in $28.86 billion. Walgreens has lowered the higher end of its full-year adjusted earnings guidance, due to a challenging macroeconomy, but remains focused on improving profitability.

March 28, 2024
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