Walgreens Exceeds Q2 Expectations as Privatization Deal Progresses

The pharmacy chain reports strong earnings and revenue growth while advancing toward a fourth-quarter privatization with Sycamore Partners.

Walgreens reported adjusted Q2 earnings of 63 cents per share, surpassing analysts' expectations of 53 cents.
Revenue for the quarter reached $38.59 billion, exceeding the forecasted $38 billion.
The company is undergoing a strategic turnaround, including cost-cutting measures and the closure of underperforming stores.
Walgreens has withdrawn its fiscal 2025 forecast as it prepares for a transition to private ownership under Sycamore Partners.
The privatization deal with Sycamore Partners is expected to close in the fourth quarter of 2025, marking a significant corporate shift.