Forbes January 10, 2025
Walgreens improving retail pharmacy business and comments from the company’s chief executive are convincing Wall Street that the drugstore chain is unlikely headed for a buyout from private equity.
The fiscal first quarter earnings unveiled Friday, which showed a wider net loss than a year ago but several operating improvements across company businesses, comes following a three-byline report a month ago in the Wall Street Journal that Walgreens is considering a sale to private equity firm Sycamore Partners.
Walgreens continues to discount that report, saying executives don’t comment on rumors or speculation. The potential for a buyout wasn’t even addressed by Walgreens CEO Tim Wentworth during a call with Wall Street analysts and investors Friday.
“In U.S. pharmacy, we maintained...
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