Wintrust Business Minute: Walgreens had a better fiscal first quarter than expected

Wintrust Business Lunch

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Steve Grzanich has the business news of the day with the Wintrust Business Minute.

Deerfield-based Walgreens had a better-than-expected fiscal first quarter. Shares rose as the company outlined ongoing plans to revive its struggling business. Walgreens says its made progress on improving shrinking prescription reimbursement and closing stores. The company has also been exploring strategic options, including a sale. Revenue was higher during the quarter, driven by higher prices for branded drugs and prescription volumes. Walgreens international and U.S. health care units also beat on sales.

Also, Wisconsin-based Kohl’s is closing more than two dozen under-performing department stores, most of them in California. Listen for more below:

https://serve.castfire.com/audio/7144508/7144508_2025-01-10-190708.64kmono.mp3

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