After Crashing 64% in 2024, Can Walgreens Boots Alliance Stock Turn Things Around This Year?

To say that pharmacy retailer Walgreens Boots Alliance (NASDAQ: WBA) has been struggling would be a massive understatement. It's coming off a horrendous year in 2024, when its share price crashed by 64%. The stock has been trading around levels it hasn't been at in decades as investors are concerned about the company's future.However, contrarian investors may hope that this can be a good turnaround play. That assumes that Walgreens can drastically cut costs and improve its financials as it focuses on profitability. The company recently reported some encouraging earnings numbers, but were they good enough to suggest that it's on the right path and that this will be a much better year for the beaten-down healthcare stock?Last week, Walgreens released its first-quarter earnings numbers for fiscal 2025. For the period ending Nov. 30, 2024, the company's revenue came in at $39.5 billion, which beat analyst expectations of $37.4 billion. And its adjusted earnings per share of $0.51 also came in higher than the $0.37 per share that Wall Street was expecting. CEO Tim Wentworth says that the company has been "making progress against our financial and strategic priorities, despite the challenging backdrop for our consumer."Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool