US Stock Market Move | Q1 performance exceeds expectations, Walgreens Boots Alliance (WBA.US) soars over 18%

On Friday, Walgreens Boots Alliance (WBA.US) opened up over 18%, at $10.94 per share. On the news front, the company reported a 7.5% sales growth in the first quarter of fiscal year 2025, reaching $39.5 billion, higher than the expected $37.35 billion, while the loss per share was $0.31, compared to a loss of $0.08 in the same period last year. Adjusted earnings per share dropped from $0.66 to $0.51, mainly due to declining retail sales in the US and reduced sale-leaseback income. The company maintains its adjusted earnings per share guidance range for FY 2025 at $1.40-1.80.