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Walgreens tops estimates as drugstore chain cuts costs, prepares to go private

The company is in the process of being taken private by Sycamore Partners in a deal that is expected to close in the fourth quarter of this year.

In this article WBA Follow your favorite stocks CREATE FREE ACCOUNT A sign for US drugstore chain Walgreens is displayed outside its store in New York City on March 7, 2025. Angela Weiss | AFP | Getty Images Walgreens on Tuesday reported fiscal second-quarter earnings and revenue that topped expectations, as the retail drugstore giant benefits from cost cuts and prepares to go private. The company is in the process of being taken private by Sycamore Partners in a deal that is expected to close in the fourth quarter of this year.

Here's what Walgreens reported for the three-month period ended Feb. 28 compared with what Wall Street was expecting, based on a survey of analysts by LSEG: Earnings per share: 63 cents adjusted vs. 53 cents expected Revenue: $38.

59 billion vs. $38 billion expected This story is developing. Please check back for updates.

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