The long-struggling chain reported better-than-expected revenue for its Q1 2025, although operating losses grew as it plans to shutter over a thousand locations. Shares in Walgreens Boots Alliance, Inc.

Walgreens Boots Alliance posted a wider quarterly loss, hit by the costs of closing stores and weaker retail sales, but shares surged after a smaller-than-expected drop in adjusted earnings. Walgreens shares soared more than 28% to$11.

Walgreens reported adjusted earnings of 51 cents a share, beating Wall Street’s call for 38 cents, according to FactSet. Sales of $39

Walgreens Boots Alliance is set to report fiscal first-quarter earnings before the opening bell Friday, as the pharmacy retailer comes off a year in which it was the worst-performing stock in the S&P 500.

Walgreens Stock Rockets 26%: Is This the Turnaround Investors Have Been Waiting For?

Walgreens stock is soaring Friday after the embattled pharmacy chain reported strong earnings and gave an upbeat outlook.

The company's turnaround plan will continue, and though Walgreens CEO Tim Wentworth said it will take time, he also said "our early progress reinforces our belief in a sustainable, retail pharmacy-led operating model.

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 Carter’s recent death.