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Walgreens Boots (WBA.US) rose over 18% as it plans to close about 1,200 stores within three years.

Generated by AI AgentMarket Intel

Tuesday, Oct 15, 2024 11:50 am ET1min read

Walgreens Boots (WBA.US) jumped over 18% during the day on Tuesday, and as of the writing, it rose 13.11% to $10.18. On the news front, Walgreens Boots reported better-than-expected Q4 2024 results and announced a business optimization plan, aiming to close about 1,200 stores in the next three years, including about 500 stores in 2025, which will immediately increase adjusted EPS and free cash flow.

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