Walgreens Is Soaring on Friday. Here's Why The Beaten-Down Healthcare Stock Bounced.

Walgreens Boots Alliance (NASDAQ: WBA), better known as Walgreens, was one of the worst-performing stocks of 2024. Although the S&P 500 index rose by more than 20% for the year, Walgreens dropped by a staggering 64% due to consumer spending headwinds and poor performance from its primary care business efforts.However, shareholders finally got a reason to smile when the company reported its latest results. Walgreens beat expectations on both the top and bottom lines for its fiscal 2025 first quarter, and shares spiked higher as a result. As of 12:52 p.m. ET Friday, Walgreens stock was up by about 26%.For the quarter, which ended Nov. 30, Walgreens reported 7.5% year-over-year revenue growth, and all of its business segments (U.S. retail pharmacy, international, and U.S. healthcare) posted revenue growth. Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool