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Rite Aid Corporation

RAD.N

Latest Trade

13.44USD

Change

0.23(+1.74%)

Volume

1,140,697

Today's Range

12.90

 - 

13.56

52 Week Range

6.59

 - 

23.88

As of on the New York Stock Exchange ∙ Minimum 15 minute delay

Latest Developments

Rite Aid Reports Q1 Adjusted Loss Per Share $0.04 From Continuing Operations

June 25 (Reuters) - Rite Aid Corp <RAD.N>::ORATION REPORTS FISCAL 2021 FIRST QUARTER RESULTS.Q1 ADJUSTED LOSS PER SHARE $0.04 FROM CONTINUING OPERATIONS.Q1 LOSS PER SHARE $1.36 FROM CONTINUING OPERATIONS.Q1 EARNINGS PER SHARE ESTIMATE $-0.38 -- REFINITIV IBES DATA.Q1 REVENUE $6.03 BILLION VERSUS REFINITIV IBES ESTIMATE OF $5.61 BILLION.WITHDRAWS FISCAL 2021 OUTLOOK DUE TO UNCERTAINTY AROUND ULTIMATE IMPACT OF COVID-19.EXPECTS TO GENERATE POSITIVE FREE CASH FLOW IN FISCAL 2021.QTRLY RETAIL PHARMACY SEGMENT REVENUES WERE $4.12 BILLION AND INCREASED 6.7 PERCENT COMPARED TO PRIOR YEAR PERIOD.QTRLY RETAIL PHARMACY SEGMENT SAME STORE SALES FROM CONTINUING OPERATIONS INCREASED 6.6 PERCENT OVER PRIOR YEAR PERIOD.QTRLY FRONT-END SAME STORE SALES, EXCLUDING CIGARETTES AND TOBACCO PRODUCTS, UP 16%.RITE AID - RECENTLY ELIMINATED 254 CORPORATE OFFICE POSITIONS ACROSS BOTH RETAIL PHARMACY AND PHARMACY SERVICES SEGMENTS.DURING FIRST THREE WEEKS OF JUNE, SAW CONTINUED INCREASES IN COMPARABLE FRONT-END SALES OF 7.2% EXCLUDING. CIGARETTES, TOBACCO PRODUCTS.SAME STORE PRESCRIPTION COUNTS DURING FIRST THREE WEEKS OF JUNE INCREASED 80 BASIS POINTS.RITE AID - CURRENTLY HAS LIQUIDITY OF ABOUT $1.7 BILLION.IN TOTAL, EXPECT EXPENSES REDUCTIONS TO RESULT IN SAVINGS OF OVER $40 MILLION IN 2021 THAT WERE NOT INCLUDED IN CO'S ORIGINAL GUIDANCE.

Rite Aid Announces Exchange Offer For Up To $750 Million Principal Amount Of Its Senior Notes

June 25 (Reuters) - Rite Aid Corp <RAD.N>::RITE AID ANNOUNCES EXCHANGE OFFER FOR UP TO $750 MILLION PRINCIPAL AMOUNT OF ITS SENIOR NOTES DUE 2023 AND RELATED CONSENT SOLICITATION.RITE AID CORP - EXCHANGE OFFER WILL EXPIRE ON JULY 23, 2020.RITE AID - COMMENCED EXCHANGE OFFER FOR UP TO $750 MILLION OF OUTSTANDING 6.125% SENIOR NOTES DUE 2023.

West Virginia Attorney General Says Filed Lawsuits Against Rite-Aid, Walgreens

June 4 (Reuters) - WEST VIRGINIA ATTORNEY GENERAL::WEST VIRGINIA ATTORNEY GENERAL SAYS FILED LAWSUITS AGAINST RITE-AID, WALGREENS.WEST VIRGINIA AG SAYS LAWSUITS ALLEGE RITE-AID, WALGREENS SUPPLIED FAR MORE OPIOIDS TO RETAIL PHARMACIES THAN NECESSARY TO MEET A LEGITIMATE MARKET.

Rite Aid Partners With Instacart For Front-End Delivery Service

May 13 (Reuters) - Rite Aid Corp <RAD.N>::RITE AID PARTNERS WITH INSTACART FOR FRONT-END DELIVERY SERVICE.RITE AID - INSTACART DELIVERY IS NOW AVAILABLE FROM RITE AID'S MORE THAN 2,400 LOCATIONS ACROSS 18 STATES.

Rite Aid Reports Q4 Adj Loss Per Share Of $0.37 From Continuing Ops

April 16 (Reuters) - Rite Aid Corp <RAD.N>::RITE AID CORPORATION REPORTS FISCAL 2020 FOURTH QUARTER AND FULL YEAR RESULTS.Q4 ADJUSTED LOSS PER SHARE $0.37 FROM CONTINUING OPERATIONS.Q4 LOSS PER SHARE $6.43 FROM CONTINUING OPERATIONS.Q4 REVENUE $5.73 BILLION VERSUS REFINITIV IBES ESTIMATE OF $5.59 BILLION.Q4 EARNINGS PER SHARE ESTIMATE $-0.15 -- REFINITIV IBES DATA.FISCAL 2021 OUTLOOK AS PREVIOUSLY ANNOUNCED ON MARCH 16, 2020 UNCHANGED - ULTIMATE IMPACT OF COVID-19 ON FISCAL 2021 OUTLOOK UNCERTAIN.ULTIMATE IMPACT OF COVID-19 ON FISCAL 2021 OUTLOOK UNCERTAIN.RETAIL PHARMACY SEGMENT SAME STORE SALES FROM CONTINUING OPERATIONS FOR Q4 INCREASED 1.6% OVER THE PRIOR YEAR PERIOD.2021 OUTLOOK ANNOUNCED ON MARCH 16, 2020, ASSUMES DECLINE IN REIMBURSEMENT RATES CONSISTENT WITH DECLINE EXPERIENCED IN FISCAL 2020.QTRLY FRONT-END SAME STORE SALES, EXCLUDING CIGARETTES AND TOBACCO PRODUCTS, INCREASED 1.5%.RITE AID - DOES NOT EXPECT TO BE ABLE TO AS EFFECTIVELY OFFSET DECLINE IN REIMBURSEMENT RATES WITH GENERIC DRUG PURCHASING SAVINGS AS IN PRIOR YEAR.2021 OUTLOOK ALSO ASSUMES RESTRUCTURING CHARGES OF APPROXIMATELY $60.0 MILLION, WHICH WILL NOT BE INCLUDED IN ADJUSTED EBITDA.AT THIS TIME, IMPACT OF COVID-19 ON FISCAL 2021 ADJUSTED EBITDA HAS NOT BEEN MATERIAL.RITE AID- EXPECTS INITIAL FAVORABLE RESULTS TO BE TEMPERED BY DECLINE IN FRONT-END SALES DURING REMAINDER OF Q1 2021 DUE TO SOCIAL DISTANCING MEASURES.

Rite Aid Expands Services In Response To Covid-19

March 18 (Reuters) - Rite Aid Corp <RAD.N>::RITE AID EXPANDS SERVICES IN RESPONSE TO COVID-19.RITE AID CORP - CURRENT SUPPLY OF GENERIC MEDICATIONS IS PRESENTLY SUFFICIENT.RITE AID - OFFERS DRIVE-THROUGHS FOR PICK-UP OF PRESCRIPTIONS AND OVER--COUNTER PRODUCTS AT MORE THAN 50 PERCENT OF ITS OVER 2,400 RETAIL LOCATIONS.RITE AID - HOME-DELIVERY SERVICE FROM RITE AID WILL BE AVAILABLE UPON REQUEST AND CO WILL WAIVE DELIVERY-SERVICE FEES FOR ELIGIBLE PRESCRIPTIONS.RITE AID- SIGNIFICANTLY INCREASED STAFFING LEVELS TO FULFILL ONLINE ORDERS FASTER, & ESTABLISHED IN-STORE AND ONLINE PURCHASE LIMITS ON CERTAIN ITEMS.

Rite Aid Corp Updated Its Fiscal Year 2020 Earnings Guidance For Adjusted EBITDA, Revenues And Capital Expenditures

March 16 (Reuters) - Rite Aid Corp <RAD.N>::UPDATED ITS FISCAL YEAR 2020 EARNINGS GUIDANCE FOR ADJUSTED EBITDA, REVENUES AND CAPITAL EXPENDITURES.FISCAL 2021 REVENUE IS EXPECTED TO BE BETWEEN $22.5 BILLION AND $22.9 BILLION.FISCAL 2021 NET LOSS IS EXPECTED TO BE BETWEEN $91.0 MILLION AND $119.0 MILLION.FISCAL 2021 ADJUSTED NET (LOSS) INCOME PER SHARE IS EXPECTED TO BE BETWEEN A LOSS OF $0.22 PER SHARE AND INCOME OF $0.19 PER SHARE.FISCAL 2021 CAPITAL EXPENDITURES ARE EXPECTED TO BE ABOUT $350.0 MILLION.EXPECTS TO INCUR RESTRUCTURING CHARGES OF ABOUT $60.0 MILLION IN FISCAL 2021, WHICH WILL NOT BE INCLUDED IN ADJUSTED EBITDA.EXPECTS REVENUES TO BE BETWEEN $21.9 BILLION AND $21.925 BILLION IN FISCAL 2020.FISCAL 2020 SAME-STORE SALES EXPECTED TO RANGE FROM AN INCREASE OF 1.0 PERCENT TO AN INCREASE OF 1.1 PERCENT OVER FISCAL 2019.NARROWS ADJUSTED EBITDA OUTLOOK FOR FISCAL 2020.FISCAL 2020 ADJUSTED EBITDA IS EXPECTED TO BE BETWEEN $530.0 MILLION AND $535.0 MILLION.EXPECTS PHARMACY BENEFITS AND SERVICES REVENUE WITH HIGH-SINGLE TO LOW-DOUBLE DIGIT GROWTH FOR 2023.FY2021 EARNINGS PER SHARE VIEW $0.28, REVENUE VIEW $21.89 BILLION -- REFINITIV IBES DATA.EXPECTS SAME-STORE SCRIPTS WITH MID-SINGLE DIGIT GROWTH FOR 2023.FISCAL 2020 CAPITAL EXPENDITURES ARE EXPECTED TO BE APPROXIMATELY $215.0 MILLION.FY2020 REVENUE VIEW $21.66 BILLION -- REFINITIV IBES DATA.EXPECTS ADJUSTED EBITDA GROWTH FOR 2023.LATER THIS YEAR, WILL INTRODUCE ITS STORE OF THE FUTURE.

Rite Aid Announces Early Results Of Exchange Offer For Up To $600 Mln Principal Amount Of Its Senior Notes Due 2023

Jan 21 (Reuters) - Rite Aid Corp <RAD.N>::RITE AID ANNOUNCES EARLY RESULTS OF EXCHANGE OFFER FOR UP TO $600 MILLION PRINCIPAL AMOUNT OF ITS SENIOR NOTES DUE 2023.

UFCW 8-Golden State Members Voted To Reject Rite Aid's Contract Proposals

Jan 17 (Reuters) - UFCW 8-Golden State::UFCW 8-GOLDEN STATE - MEMBERS WORKING FOR RITE AID SUPPORTED UNION, WITH 91% VOTING TO REJECT COMPANY'S CONTRACT PROPOSALS.

Rite Aid Announces Exchange Offer For Up To $600 Mln Principal Amount Of Its Senior Notes Due 2023

Jan 6 (Reuters) - Rite Aid Corp <RAD.N>::RITE AID ANNOUNCES EXCHANGE OFFER FOR UP TO $600 MILLION PRINCIPAL AMOUNT OF ITS SENIOR NOTES DUE 2023.EXCHANGE OFFER FOR 6.125% SENIOR NOTES DUE 2023 FOR NEWLY ISSUED 7.500% SENIOR SECURED NOTES DUE 2025.

Quote and financial data from Refinitiv. Fund performance data provided by Lipper. All quotes delayed a minimum of 15 minutes.

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