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.

Walgreens said Tuesday it will close 1,200 U.S. retail stores, including 500 in fiscal 2025. The pharmacy giant has not disclosed the locations of the stores set to close. Walgreens (Nasdaq: WBA) has around 100 stores spread across Raleigh, Durham and Chapel Hill.