Walgreens tops quarterly profit estimates as Sycamore deal nears completion

- 6/26/2025

</head><body><p>(Reuters) -Walgreens Boots Alliance, which is being taken private by Sycamore Partners, beat analysts' estimates for third-quarter profit on Thursday, as store closures and cost-cutting aided turnaround efforts at the second-largest U.S. pharmacy chain. </p><p>The company in March agreed to be taken private by Sycamore Partners for $10 billion, a fraction of the $100 billion the U.S. pharmacy chain was worth a decade ago. The deal is expected to close by the end of the year.</p><p>U.S. retail pharmacy unit reported sales of $30.71 billion for the quarter ended May 31, Walgreens said, beating analysts' estimates of $29.01 billion, according to data compiled by LSEG. Same-store sales at the unit increased 10.3% in the quarter.</p><p>On an adjusted basis, the company earned 38 cents per share for the quarter, beating analysts' average estimate of 34 cents per share.</p><p>The strong earnings underscore CEO Tim Wentworth's efforts to turn around the pharmacy chain through measures such as the removal of multiple mid-level executives, a $1 billion cost-cutting exercise and plans to close thousands of underperforming stores.</p><p>"We remain focused on our turnaround plan, which will require time, disciplined focus and a balanced approach to manage future cash needs with investments necessary to navigate an evolving pharmacy and retail environment," Wentworth said.</p><p>Walgreens' focus on its pharmacy operations, when rivals diversified into insurance and pharmacy benefit management, has weighed on its fortunes as the industry has struggled with persistently low drug reimbursement rates.</p><p>Meanwhile, inflation-wary consumers have been shifting to cheaper alternatives from Amazon and Walmart for their prescriptions and toiletries, and Walgreens' bet on doctors' clinics through its unit VillageMD also did not pay off.</p><p>The company took a $5.8 billion impairment charge on VillageMD last year and said it was exploring options for it, including a sale.</p><p> (Reporting by Padmanabhan Ananthan and Mariam Sunny in Bengaluru; Editing by Sriraj Kalluvila and Leroy Leo)</p></body></html></p> <div id="news-wrapper"> <div class="thumbnail additional-resources client-content-image-box"> <div class="box-image" style="background-image: url(/images/home/news.jpg);"></div> <div class="caption"> <h3>Nationwide News</h3> <div> <p><a href='/dd/news-article-detail.aspx?id=155480'>This SC city has become a top travel destination for people with autism. Here's why</a></p> <p><a href='/dd/news-article-detail.aspx?id=155325'>As autism treatment spending rises, controversial therapy is the main option for Minnesota families</a></p> <p><a href='/dd/news-archive.aspx'>News Archive</a></p> </div> </div> </div> </div> </div> </div> </div> </section> </div>  <footer class="footer">  <div class="clearfix footerInfo"> <div class="container"> <div class="row"> <div class="col-sm-7 col-xs-12"> <div class="footerText"> <a href="http://www.trilogyir.com/" target="_blank" class="footerLogo"><img src="/images/Noc-Logo-white.png" alt="Footer Logo" style="width: 200px;"></a> <div class="genericContent" id="landingPageText"> <div class="row"> <div class="col-xs-2 text-left"> <a href="http://www.facebook.com/tarrantcares" target="_blank"><img class="img-responsive fit-image" style="max-width: 55px" src="/images/icons/facebook_new.png"></a> </div> <div class="col-xs-2 text-left"> <a href="https://twitter.com/tarrantcares/status/690313055733964802" target="_blank"><img class="img-responsive fit-image" style="max-width: 60px" src="/images/icons/twitter_new.png"></a> </div> <div class="col-xs-2 text-left"> <a href="https://www.instagram.com/tarrantcares/" target="_blank"><img class="img-responsive fit-image" style="max-width: 60px;" src="/content/client/992/instagram_logo.png"></a> </div> </div> </div> <h3 id="lblTechAssistance" style="color: #fff; margin: 25px 0 5px;">For Technical Assistance:</h3> <ul class="list-styled list-contact"> <li><i class="fa fa-envelope" aria-hidden="true"></i><a href="mailto:admin@trilogyir.com?Subject=From Network of Care">admin@trilogyir.com</a></li> </ul> </div> </div> <div class="col-sm-3 col-xs-12"> <div class="useLink"> <ul class="list-unstyled"> <li><a href="/dd/services/index.aspx">Services</a></li> <li><a href="/dd/library/index.aspx">Library</a></li> <li id="footerLinks1PlaceHolder_ddFooterLegislate"><a href="/dd/legislate/index.aspx">Legislate</a></li> <li><a href="/dd/links/index.aspx">Links</a></li> </ul> </div> </div> <div class="col-sm-2 col-xs-12"> <div class="useLink"> <ul class="list-unstyled"> <li id="ucOtherSites_liVisitOtherSites"> <a href="#" id="btnOtherSites" data-toggle="modal" data-target="#otherSiteModal">Visit Our Other Sites</a> <div class="modal fade" id="otherSiteModal" tabindex="-1" role="dialog" aria-labelledby="otherSiteModalLabel"> <div class="modal-dialog" role="document"> <div class="modal-content"> <div class="modal-header"> <button type="button" class="close" data-dismiss="modal" aria-label="Close"><span aria-hidden="true">×</span></button> <h4 class="modal-title" id="otherSiteModalLabel">Visit Our Other Sites</h4> </div> <div class="modal-body"> <div id="other-sites-footer" class="row"> <div class="col-sm-6 col-xs-12 text-center" style="height: 120px;"><a href="http://tarrant.tx.nocbeta.org/family/" class=""><img src="/images/home/products/family.jpg" alt="Children & Families" class="img-responsive center-block"/> Children & Families</a></div><div class="col-sm-6 col-xs-12 text-center" style="height: 120px;"><a href="http://tarrant.tx.nocbeta.org/ps/" class=""><img src="/images/home/products/ps.jpg" alt="Community Corrections" class="img-responsive center-block"/> Community Corrections</a></div><div class="col-sm-6 col-xs-12 text-center" style="height: 120px;"><a href="http://tarrant.tx.nocbeta.org/dv/" class=""><img src="/images/home/products/dv.jpg" alt="Domestic, Sexual<br> & Other Violence" class="img-responsive center-block"/> Domestic, Sexual<br> & Other Violence</a></div><div class="col-sm-6 col-xs-12 text-center" style="height: 120px;"><a href="http://tarrant.tx.nocbeta.org/pr/" class=""><img src="/images/home/products/pr.jpg" alt="Ex-Offender Reentry Resources" class="img-responsive center-block"/> Ex-Offender Reentry Resources</a></div><div class="col-sm-6 col-xs-12 text-center" style="height: 120px;"><a href="http://tarrant.tx.nocbeta.org/dd/" class="currentSite"><img src="/images/home/products/dd.jpg" alt="Intellectual & <br>Developmental Disabilities" class="img-responsive center-block"/> Intellectual & <br>Developmental Disabilities</a></div><div class="col-sm-6 col-xs-12 text-center" style="height: 120px;"><a href="http://tarrant.tx.nocbeta.org/mh/" class=""><img src="/images/home/products/mh.jpg" alt="Mental/Behavioral Health" class="img-responsive center-block"/> Mental/Behavioral Health</a></div><div class="col-sm-6 col-xs-12 text-center" style="height: 120px;"><a href="http://tarrant.tx.nocbeta.org/kids/" class=""><img src="/images/home/products/kids.jpg" alt="Prenatal to Age 5" class="img-responsive center-block"/> Prenatal to Age 5</a></div><div class="col-sm-6 col-xs-12 text-center" style="height: 120px;"><a href="http://tarrant.tx.nocbeta.org/ph/" class=""><img src="/images/home/products/ph.jpg" alt="Public Health & Healthy Communities" class="img-responsive center-block"/> Public Health & Healthy Communities</a></div><div class="col-sm-6 col-xs-12 text-center" style="height: 120px;"><a href="http://tarrant.tx.nocbeta.org/aging/" class=""><img src="/images/home/products/aging.jpg" alt="Seniors/Adults <br>with Disabilities" class="img-responsive center-block"/> Seniors/Adults <br>with Disabilities</a></div><div class="col-sm-6 col-xs-12 text-center" style="height: 120px;"><a href="http://tarrant.tx.nocbeta.org/veterans/" class=""><img src="/images/home/products/veterans.jpg" alt="Veterans, Service Members <br>& Their Families" class="img-responsive center-block"/> Veterans, Service Members <br>& Their Families</a></div> </div> </div> <div class="modal-footer"> <button type="button" class="btn btn-default" data-dismiss="modal">Close</button> </div> </div> </div> </div> </li> <li><a href="/dd/about/">About Us</a></li> <li><a href="/dd/feedback.aspx">Feedback</a></li> <li><a href="/dd/privacy.aspx">Privacy Policy</a></li> <li id="footer-widgets"><a href="/dd/services/widget.aspx">Add This Service Directory to Your Website</a></li> </ul> </div> </div> </div> </div> </div>  <div class="clearfix copyRight"> <div class="container"> <div class="row"> <div class="col-xs-12"> <div class="copyRightWrapper"> <div class="row"> <div class="col-sm-5 col-sm-push-7 col-xs-12">  <div class="addthis_inline_share_toolbox_es1d"></div> </div> <div class="col-sm-7 col-sm-pull-5 col-xs-12"> <div class="copyRightText"> <p>Copyright ©<span id="copyrightYear">2025</span> Network of Care - Tarrant Cares, All Rights Reserved.</p> </div> </div> </div> </div> </div> </div> </div> </div> </footer> <input type="hidden" name="ctl00$ctl00$hdnSiteUrl" id="hdnSiteUrl" value=".nocbeta.org" /> <input type="hidden" name="ctl00$ctl00$hdnSiteCountyId" id="hdnSiteCountyId" value="990" /> <input type="hidden" name="ctl00$ctl00$hdnSessionId" id="hdnSessionId" value="ziydun2ow1eumresf1cle1dp" /> </form> </div>   <div class="modal fade" id="searchHelpModal" tabindex="-1" role="dialog" aria-labelledby="searchHelpModal"> <div class="modal-dialog modal-lg" role="document"> <div class="modal-content"> <div class="modal-header"> <button type="button" class="close" data-dismiss="modal" aria-label="Close Improving Service Directory Search Results"><span aria-hidden="true">×</span></button> <h4 class="modal-title">Improving Search Results</h4> </div> <div class="modal-body"> <p>To improve your search results use quotation marks when searching for a specific phrase.</p> <p>For example, if you search for substance use, a search WITHOUT quotation marks would find listings that include the words "substance" OR “use.” A search WITH quotation marks ("substance use") would find listings only with the whole phrase "substance use."</p> </div> <div class="modal-footer"> <button type="button" class="btn btn-default" data-dismiss="modal">Cancel</button> </div> </div> </div> </div>  <div class="modal fade" id="LanguageModal" tabindex="-1" role="dialog" aria-labelledby="LanguageModalLabel"> <div class="modal-dialog" role="document"> <div class="modal-content"> <div class="modal-header"> <button type="button" class="close" data-dismiss="modal" aria-label="Close"><span aria-hidden="true">×</span></button> </div> <div class="modal-body"> <div class="alert alert-danger" role="alert" id="LanguageModalLabel"> Translation service is not available for Internet Explorer 11 or lower. Please use another browser or download the latest <a href="https://www.microsoft.com/en-us/edge" target="_blank" title="Download Microsoft Edge">Microsoft Edge</a> browser. </div> <p> Spanish:<br /> Para traducir este sitio web, debe actualizar su navegador a la última versión de <a href="https://www.microsoft.com/en-us/edge" target="_blank" title="Download Microsoft Edge">Microsoft Edge</a>. </p> <p> Vietnamese:<br /> Để dịch trang web này, bạn phải nâng cấp trình duyệt của mình lên phiên bản <a href="https://www.microsoft.com/en-us/edge" target="_blank" title="Download Microsoft Edge">Microsoft Edge</a> mới nhất. </p> <p> Mandarin:<br /> 要翻译该网站，您必须将浏览器升级到最新版本的 <a href="https://www.microsoft.com/en-us/edge" target="_blank" title="Download Microsoft Edge">Microsoft Edge</a>. </p> </div> <div class="modal-footer"> <button type="button" class="btn btn-default" data-dismiss="modal">Close</button> </div> </div> </div> </div>  <div hidden> <span id="new-window-0">Opens in a new window</span> <span id="new-window-1">Opens an external site</span> <span id="new-window-2">Opens an external site in a new window</span> </div>  <script src="/plugins/jquery-ui/jquery-ui.min.js"></script> <script src="/plugins/bootstrap/js/bootstrap.min.js"></script> <script src="/plugins/smoothscroll/SmoothScroll.min.js"></script> <script src="/plugins/datepicker/bootstrap-datepicker.min.js"></script> <script src="/plugins/selectbox/jquery.selectbox-0.1.3.min.js"></script> <script src="/plugins/owl-carousel/owl.carousel.min.js"></script> <script src="/plugins/fancybox/jquery.fancybox.pack.js"></script> <script src="https://maps.googleapis.com/maps/api/js?key=AIzaSyD3AS9ys5quFZTXhCkvZuwQfmi1bS9r9_o&libraries=geometry"></script> <script src="/plugins/map/js/rich-marker.js"></script> <script src="/plugins/map/js/infobox_packed.js"></script> <script src="/js/single-map.js"></script> <script src="/js/map.js"></script> <script src="/js/jquery.query.js"></script> <script src="/js/handlebars.min.js" type="text/javascript"></script> <script src="/js/jquery.history.js" type="text/javascript"></script> <script src="/plugins/slick/slick.min.js"></script> <script src="https://cdnjs.cloudflare.com/ajax/libs/jquery-validate/1.17.0/jquery.validate.min.js"></script> <script src="https://cdnjs.cloudflare.com/ajax/libs/jquery-validate/1.17.0/additional-methods.min.js"></script> <script src="/js/custom.js?v2"></script> <script src="/js/solr.js" type="text/javascript"></script> <script src="/js/moment.js" type="text/javascript"></script> <script src="/js/global.js?v20201022" type="text/javascript"></script> <script src="/js/jquery.cookie-min.js" type="text/javascript"></script> <script src="/js/bootbox.min.js" type="text/javascript"></script>  <script type="text/javascript" src="//s7.addthis.com/js/300/addthis_widget.js#pubid=ra-63222935cadd2722"></script> <script src='https://www.google.com/recaptcha/api.js'></script> <script src="/js/bootstrap-timepicker.min.js"></script> <script src="https://cdn.datatables.net/1.11.5/js/jquery.dataTables.min.js"></script> <div id="dialog-confirm" title="Confirm" style="display: none;"> <p class="txt-color-red font-md"> <span class="glyphicon glyphicon-trash"></span> Are you sure you want to delete this item? </p> </div> <div id="surveylink" class="survey-link"><a id="opensurvey" href="#" target="_blank">Site Survey</a></div> <script type="text/javascript" src="/angelfish.js"></script> <script type="text/javascript"> agf.pageview(); </script> </body> </html>

State Legislate

Federal Legislate

Walgreens tops quarterly profit estimates as Sycamore deal nears completion