WBA Stock Up 16% on New Restructuring Strategy: How to Play the Stock
Walgreens Boots Alliance(WBA) ZACKS·2024-10-17 01:30
Yesterday, Walgreens Boots Alliance (WBA) shares jumped nearly 16% following the company’s better-than-expected earnings and sales results for the fourth quarter of fiscal 2024. Despite the company reporting a significant year-over-year decline in earnings, the growing investors’ optimism was backed by the company’s announcement of a strategic plan to close nearly 1200 stores over the next three years to improve the bottom-line scenario and cash flow.Over the past 30 days, this pharmacy retail powerhouse, d ...