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Walgreens Stock Rises Ahead Of Q1 Earnings: Retail's Bullish

Walgreens Boots Alliance ($WBA) stock was up 0.43% in after-hours trading on Wednesday ahead of the pharmacy chain's first-quarter earnings results, lifting retail sentiment. Walgreens was scheduled to report its earnings before the opening bell on Thursday but rescehduled the release due to the holiday observance for former president Jimmy
Walgreens Boots Alliance Inc. experienced a stock price increase ahead of its first-quarter earnings report, driven by optimistic retail sector forecasts. The company, which has been navigating through a challenging period marked by a significant drop in its stock value over the past year, is expected to report earnings per share of $0.82, down from $1.16 the previous year, with revenues projected at $36.4 billion. Despite these declines, there is a bullish sentiment in the retail sector, with expectations that Walgreens might outperform these estimates due to strategic initiatives like cost-cutting measures and a focus on healthcare services. The anticipation around the earnings is also fueled by Walgreens' efforts to pivot towards becoming a more healthcare-centric company, potentially offsetting some of the pressures from its traditional retail operations.

Read the Full MSN Article at:
[ https://www.msn.com/en-us/money/top-stocks/walgreens-stock-rises-ahead-of-q1-earnings-retail-s-bullish/ar-BB1rcOBl ]