Walgreens Boots Alliance (WBA, Financial) experienced a significant stock surge, opening over 18% higher at $10.94. This positive movement follows the company's announcement of a 7.5% increase in sales for the first quarter of fiscal year 2025, reaching $39.5 billion, surpassing the anticipated $37.35 billion. Despite this sales growth, the company reported a loss of $0.31 per share, compared to a $0.08 loss per share in the same period last year.
Adjusted earnings per share (EPS) fell from $0.66 to $0.51, primarily due to declining retail sales in the U.S. and reduced gains from sale-leaseback transactions. Despite these challenges, the company maintained its adjusted EPS guidance for fiscal year 2025, projecting a range between $1.40 and $1.80.
