Walgreens reported a fiscal second-quarter net loss of $2.85 billion, or $3.30 per share, a significant improvement from the previous year’s $5.91 billion loss, or $6.85 per share. Despite this, the company faced a $4.2 billion charge due to decreased value in its U.S. retail pharmacy and investment in VillageMD. On a brighter note, Walgreens achieved sales of $38.59 billion, marking a 4.1% increase from the prior year. Adjusted earnings stood at 63 cents per share. The company also made a $1 billion profit from early share sales in Cencora and gains from BrightSpring investments. However, operating cash flow was negatively impacted by $969 million in legal payments related to opioid settlements and a dispute with Everly Health Solutions. Walgreens is currently being acquired by Sycamore Partners for about $10 billion, with the deal set to close in the fourth quarter.
Matt Stoller
@matthewstoller
·
Mar 13 I decided to do a bit of research and explain why Walgreens collapsed and sold itself off to private equity chop shop Sycamore Partners. It’s not mismanagement, it’s that they were choked out by a set of monopolies called PBMs.
Anonymous
@YourAnonCentral
·
20h “It’s still unclear whether the company — which reported a staggering $400 million loss in 2024, while only netting a pitiful $3.6 million revenue — will realize the mass sale of millions of shares. But even just the suggestion appears to have spooked investors.”
CNN Breaking News
@cnnbrk
·
Mar 6 Walgreens is being taken private in a deal valued up to $23.7 billion, following a largely disastrous run on the public markets
Bruce Japsen
@brucejapsen
·
3h Walgreens Reports $2.8 Billion Loss As Private Equity Preps Takeover via
@forbes
https://forbes.com/sites/brucejapsen/2025/04/08/walgreens-reports-28-billion-loss-as-private-equity-preps-takeover/…
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