Walgreens

The Deerfield, Illinois-based company said it had profit of 95 cents per share. Earnings, adjusted for one-time gains and costs, came to $1.37 per share.

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Walgreens Boots Alliance has a market capitalization of nearly $56 billion.

Walgreens merged with Alliance Boots in December 2014.

Walgreens, the second-largest pharmacy store chain, is slated to shutter nearly 40 percent of the clinics in its stores as the drugstore chain cuts costs and shifts to other businesses it believes will draw more people through its doors.

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Walgreens Boots Alliance topped Wall Street forecasts for its fiscal first quarter, helped partially by a sales boost provided by stores acquired from smaller rival Rite Aid.

The move by Walgreens reflects the brick-and-mortar store chain's efforts to compete against Amazon.com.

By early 2019, the first “Kroger Express” sections will open in 13 Walgreens stores located in Kentucky.