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flag Walgreens reports strong Q1 earnings, with revenue up 7.5%, despite plans to close 1,200 stores.

flag Walgreens reported better-than-expected first-quarter earnings, with a revenue increase of 7.5% to $39.5 billion and adjusted earnings per share of 51 cents, surpassing analysts' forecasts. flag Despite a $265 million loss due to its store closure plan, the company is moving forward with plans to close around 1,200 U.S. stores as part of its turnaround strategy. flag Walgreens reaffirmed its forecast for fiscal 2025, expecting adjusted earnings per share between $1.40 and $1.80. flag Shares surged over 16% in premarket trading.

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