Walgreens said the 1,200 closures of the 8,500 stores in the U.S. over the next three years include 300 stores “previously approved” under a company “transformational cost management program.” Walgreens said about 500 stores will close in its fiscal 2025, which began Sept. 1 of this year.

Walgreens Boots Alliance (WBA) beats earnings and announces store closures, driving stock up 5.22% in early trading.

The company had confirmed plans in June to USA TODAY to close unprofitable stores but had not disclosed how many locations would be affected.Start the day smarter. Get all the news you need in your inbox each morning.