Key Takeaways Walgreens shares jumped Friday morning after the retailer recorded better sales and adjusted profits than analysts had expected.Revenue rose from last year, while the company recorded a larger net loss than expected as it starts a turnaround plan that includes closing 1,

Walgreens Boots Alliance Inc.’s stock jumped 10% early Friday after the troubled drugstore chain posted another loss but blew past estimates on an adjusted basis and said it would continue to work on a turnaround.

Walgreens Boots Alliance ($WBA) stock was up 0.43% in after-hours trading on Wednesday ahead of the pharmacy chain’s first-quarter earnings results, lifting retail sentiment. Walgreens was scheduled to report its earnings before the opening bell on Thursday but rescehduled the release due to the holiday observance for former president Jimmy Carter’s recent death.

Walgreens announced it was closing a dozen stores in San Francisco because of what it called "increased regulatory and reimbursement pressures" in the latest round of retail store closures in the city.

Walgreens is closing 12 stores across San Francisco by the end of February, according to a company spokesperson.