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Rite Aid Corp (RAD.N)

RAD.N on New York Stock Exchange

1.58USD
20 Apr 2018
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Latest Key Developments (Source: Significant Developments)

Rite Aid Q4 Loss Per Share $0.46 From Continuing Operations
Thursday, 12 Apr 2018 

April 12 (Reuters) - Rite Aid Corp ::RITE AID REPORTS FISCAL 2018 FOURTH QUARTER AND FULL YEAR RESULTS.Q4 ADJUSTED LOSS PER SHARE $0.01 FROM CONTINUING OPERATIONS.Q4 LOSS PER SHARE $0.46 FROM CONTINUING OPERATIONS.Q4 EARNINGS PER SHARE $0.73.Q4 EARNINGS PER SHARE VIEW $-0.01 -- THOMSON REUTERS I/B/E/S.SEES FY 2019 SALES $21.7 BILLION TO $22.1 BILLION.Q4 REVENUE $5.4 BILLION VERSUS I/B/E/S VIEW $5.57 BILLION.Q4 NET LOSS INCLUDES $325 MILLION OF INCOME TAX EXPENSE RELATING TO REVALUATION OF COMPANY'S DEFERRED TAX ASSETS.Q4 NET LOSS INCLUDES GOODWILL IMPAIRMENT CHARGE OF $191 MILLION, NET OF TAX.SEES FY 2019 ADJUSTED EARNINGS PER SHARE $0.02 TO $0.06.FY2019 EARNINGS PER SHARE VIEW $0.03, REVENUE VIEW $21.73 BILLION -- THOMSON REUTERS I/B/E/S.SAME STORE SALES FROM RETAIL PHARMACY CONTINUING OPERATIONS FOR QUARTER DECREASED 1.7 PERCENT.IN FISCAL 2019, SAME STORE SALES EXPECTED TO RANGE FROM INCREASE OF 0.0 PERCENT TO INCREASE OF 1.0 PERCENT.CAPITAL EXPENDITURES ARE EXPECTED TO BE APPROXIMATELY $250 MILLION IN 2019.DEAL WITH ALBERTSONS EXPECTED TO CLOSE EARLY IN SECOND HALF OF CALENDAR YEAR 2018.OUTLOOK PROVIDED FOR FISCAL 2019 DOES NOT REFLECT IMPACT OF PENDING DEAL WITH ALBERTSONS.AS OF MARCH 27, 2018, RITE AID HAS COMPLETED SALE OF ALL 1,932 STORES AND RELATED ASSETS TO WBA.DURING Q4, COMPANY SOLD 1,554 STORES TO WBA AND CLOSED 19 STORES, RESULTING IN A TOTAL STORE COUNT OF 2,831 AT END OF Q4.  Full Article

Rite Aid Completes Transfer Of Stores To Walgreens Boots Alliance And Terminates Tax Benefits Preservation Plan
Wednesday, 28 Mar 2018 

March 28 (Reuters) - Rite Aid Corp ::RITE AID COMPLETES TRANSFER OF STORES TO WALGREENS BOOTS ALLIANCE AND TERMINATES TAX BENEFITS PRESERVATION PLAN.RITE AID CORP - BOARD OF DIRECTORS HAS TERMINATED TAX BENEFITS PRESERVATION PLAN THAT IT ADOPTED ON JANUARY 3.RITE AID CORP - AS A RESULT OF THE TAX BENEFITS PRESERVATION PLAN, CO PROTECTED ABOUT $2.2 BILLION OF CO'S NET OPERATING LOSSES.  Full Article

Rite Aid CFO- WE CONTINUE TO EXPECT REIMBURSEMENT RATE HEADWINDS
Thursday, 4 Jan 2018 

Jan 3 (Reuters) - Rite Aid ::COO- RAD WILL HAVE 2,569 STORES LOCATED PRIMARILY IN 8 KEY STATES, TO BE SERVED BY 6 DISTRIBUTION. CENTERS POST TRANSFER OF STORES TO WBA.COO- WE HAVE BETTER PREDICTABILITY ON REIMBURSEMENT RATE AND ACCESS FOR THE COMING YEAR.COO- OUR TOTAL MED D ENROLLMENT FOR THE 2018 PLAN YEAR HAS SURPASSED 500,000 LIVES..CFO- IN NOV, WE COMPLETED THE SALE OF 97 STORES TO WBA UNDER THE AMENDED AND RESTATED ASSET PURCHASE AGREEMENT.CFO- WE WILL CONTINUE TO RECEIVE PROCEEDS FROM THE ASSET SALE OVER THE NEXT SEVERAL MONTHS AS WBA TAKES POSSESSION OF THE STORES.CFO- EXPECT STORES TRANSACTION TO COMPLETE DURING THE Q1, FISCAL 2019.; PROCEEDS TO BE USED TO PAY OFF ABOUT $200 MILLION OF NET LIABILITIES.CFO- WE CONTINUE TO EXPECT REIMBURSEMENT RATE HEADWINDS.CFO- WE DO NOT CURRENTLY PLAN TO PROVIDE GUIDANCE FOR THE REMAINDER OF FISCAL 2018.CEO- BIGGEST FACTOR IMPACTING SCRIPT COUNT RIGHT NOW IS REALLY NETWORK LOSS.  Full Article

Rite Aid Posts Q3 Adj. Earnings $0.00/Shr From Continuing Operations
Thursday, 4 Jan 2018 

Jan 3 (Reuters) - Rite Aid Corp ::RITE AID REPORTS FISCAL 2018 THIRD QUARTER RESULTS.Q3 ADJUSTED EARNINGS PER SHARE $0.00 FROM CONTINUING OPERATIONS.Q3 LOSS PER SHARE $0.02 FROM CONTINUING OPERATIONS.Q3 EARNINGS PER SHARE $0.08.Q3 REVENUE FELL 5.6 PERCENT TO $5.4 BILLION.Q3 SAME STORE SALES FELL 2.5 PERCENT.Q3 REVENUE VIEW $7.45 BILLION -- THOMSON REUTERS I/B/E/S.Q3 EARNINGS PER SHARE VIEW $-0.02 -- THOMSON REUTERS I/B/E/S.- ‍TO DATE, WE HAVE TRANSFERRED 357 STORES TO WALGREENS, RECEIVED ABOUT $715 MILLION IN PROCEEDS, WHICH WE HAVE USED TO PAY DOWN DEBT​.  Full Article

Rite aid announces senior management changes in category management
Friday, 17 Nov 2017 

Nov 17 (Reuters) - Rite Aid Corp ::Rite Aid announces senior management changes in category management.‍Bill Renz named Senior Vice President of Category Management​.‍Tony Montini and Bill Bergin to retire​.Ted Williams, current VP of General Merchandise, Seasonal, been named Group Vice President of Consumables, General Merchandise and Seasonal​.  Full Article

AmerisourceBergen, on conf call, says current trends indicate that generic buy side deflation rate has not worsened
Thursday, 2 Nov 2017 

Nov 2 (Reuters) - AmerisourceBergen Corp ::AmerisourceBergen CEO, on conf call, says an aging U.S. patient population continues to "demand" the support of pharmaceutical intervention​.AmerisourceBergen CFO, on conf call - continue to experience headwind from lower Hepatitis C revenues this quarter, consistent with overall U.S. market trends.AmerisourceBergen CFO, on conf call - continue to see strong volume, revenue growth for oncology drugs due to expanded indications of overall market growth.AmerisourceBergen CFO, on conf call says our PharMEDium business experienced an increase in sequential shipping volumes in Q4.AmerisourceBergen CFO, on conf call, says current trends indicate that the generic buy side deflation rate has not worsened.AmerisourceBergen CFO, on conf call, says it is likely that only Q4 will have a full benefit of new pharmacies from Walgreens-Rite Aid deal.AmerisourceBergen CFO, on conf call, says transitioning customer contracts to more "balanced pricing" to offset lower contributions from generics.AmerisourceBergen, on conf call, when asked about Amazon's entry into drug supply chain, says "we haven't really counted Amazon at all yet as a threat".  Full Article

Walgreens Boots reports Q4 adjusted earnings per share $1.31
Wednesday, 25 Oct 2017 

Oct 25 (Reuters) - Walgreens Boots Alliance Inc :Walgreens Boots Alliance reports fourth quarter and fiscal 2017 results.Q4 adjusted earnings per share $1.31.Q4 GAAP earnings per share $0.76.Q4 sales $30.1 billion versus I/B/E/S view $29.93 billion.Q4 earnings per share view $1.21 -- Thomson Reuters I/B/E/S.Walgreens Boots Alliance Inc - ‍Introduces guidance of $5.40 to $5.70 for fiscal year 2018 adjusted diluted net earnings per share​.Walgreens Boots Alliance Inc - Qtrly ‍Retail Pharmacy International had Q4 sales of $2.9 billion, a decrease of 3.2 percent from year-ago quarter​.Walgreens Boots Alliance Inc - ‍Company completes $5.0 billion share repurchase and adds $1.0 billion to program​.Walgreens Boots Alliance Inc - Qtrly Retail Pharmacy USA ‍sales of $22.3 billion, an increase of 7.5 percent over year-ago quarter​.Walgreens Boots Alliance Inc - Qtrly Retail Pharmacy USA ‍sales in comparable stores increased 3.1 percent compared with same quarter a year ago​.Walgreens Boots - Qtrly ‍on constant currency basis, comparable store sales decreased 0.2% compared with year-ago quarter for retail pharmacy international ​.Walgreens Boots-‍Expects to complete integration of acquired stores relating to Rite Aid deal within next 3 yrs, at estimated cost of about $750 million.Walgreens Boots - ‍In addition, co plans to spend about $500 million of capital on store conversions and related activities regarding rite aid deal​.FY2018 earnings per share view $5.47 -- Thomson Reuters I/B/E/S.  Full Article

Rite Aid says ‍riteaid.com now accepting Apple Pay​
Thursday, 19 Oct 2017 

Oct 19 (Reuters) - Apple Inc :Rite Aid Corp says ‍riteaid.com now accepting Apple Pay​.  Full Article

Rite Aid expands naloxone dispensing program in six additional states
Wednesday, 15 Feb 2017 

Rite Aid Corp : Rite aid expands naloxone dispensing program in six additional states .Rite aid corp - naloxone available without a prescription at pharmacies in georgia, louisiana, tennessee, utah, virginia and west virginia.  Full Article

Rite Aid Q2 adjusted earnings per share $0.03
Thursday, 22 Sep 2016 

Rite Aid Corp : Rite Aid reports fiscal 2017 second quarter results . Q2 adjusted earnings per share $0.03 . Q2 earnings per share $0.01 . Q2 revenue $8.0 billion versus I/B/E/S view $8.17 billion . Q2 same store sales fell 2.5 percent . Q2 earnings per share view $0.02 -- Thomson Reuters I/B/E/S . Qtrly retail pharmacy segment revenues were $6.5 billion and decreased 2.4 percent compared to prior year .Company continues to believe that Rite Aid and Walgreens Boots Alliance Inc. Transaction will close in second half of calendar year 2016..  Full Article

BRIEF-Rite Aid Commences Offer To Purchase Certain Of Its Outstanding Series Of Notes

* RITE AID COMMENCES OFFER TO PURCHASE CERTAIN OF ITS OUTSTANDING SERIES OF NOTES