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Rite Aid Corp  (RAD)
Other Ticker:  
 
 
Price: $0.6483 $-0.13 -16.810%
Day's High: $0.8 Week Perf: 4.56 %
Day's Low: $ 0.65 30 Day Perf: -6.14 %
Volume (M): 2,433 52 Wk High: $ 3.16
Volume (M$): $ 1,578 52 Wk Avg: $1.64
Open: $0.76 52 Wk Low: $0.38



 Market Capitalization (Millions $) 36
 Shares Outstanding (Millions) 55
 Employees 50,000
 Revenues (TTM) (Millions $) 23,475
 Net Income (TTM) (Millions $) -1,635
 Cash Flow (TTM) (Millions $) 46
 Capital Exp. (TTM) (Millions $) 202

Rite Aid Corp
Rite Aid Corporation is a drugstore chain that provides health, wellness, and pharmacy services. The company operates over 2,500 stores in 19 states, primarily on the East Coast of the United States. The company's headquarters are located in Camp Hill, Pennsylvania.

Rite Aid offers a variety of products, including prescription medications, over-the-counter medicines, beauty and personal care items, convenience items, and food and beverage products. The company operates multiple pharmacy benefit management (PBM) programs that connect health plans, employers, and government agencies with the members they service.

Rite Aid's history dates back to 1962 when Alex Grass opened his first store in Scranton, PA. Over the years, the company has grown through mergers and acquisitions, including the purchase of Eckerd Pharmacy in 2007, which expanded Rite Aid's presence in the Southeast United States.

In 2020, Rite Aid launched a new strategy to focus on its core business of retail pharmacy operations, and divest non-core businesses. The company sold its EnvisionRx PBM business to private equity firm TPG Capital and closed 60 underperforming stores. This strategy saw Rite Aid rebranded as a health and wellness destination by partnering with insurance companies and investing in telehealth services.

The company has also adopted a digital transformation strategy, allowing customers to fill prescriptions, order products, and access other services online. Rite Aid's digital strategy includes mobile apps and digital tools, which offer a more personalized shopping experience for customers.

One of the company's key strategies for growth is offering COVID-19 testing and vaccinations. Rite Aid has administered over 4 million COVID-19 tests and 4 million vaccines at its stores, making the company a key partner in the fight against the coronavirus pandemic.

Overall, Rite Aid is a leading drugstore chain, providing affordable and convenient access to a wide range of products and services. The company's strategic focus on retail pharmacy operations, digital transformation, and offering COVID-19 testing and vaccinations, positions it for continued growth and relevance in the healthcare industry.


   Company Address: PO Box 3165 Harrisburg 17105 PA
   Company Phone Number: 761-2633   Stock Exchange / Ticker: NYSE RAD
   RAD is expected to report next financial results on April 30, 2024.


Customers Net Income fell by RAD's Customers Net Profit Margin fell to

-58.66 %

0.69 %

• Customers Performance • Customers Expend. • Customers Efficiency • List of Customers


   

Stock Performances by Major Competitors

5 Days Decrease / Increase
     
CVS        3.14% 
BIG   -9.27%    
DG   -3.39%    
OPRX   -9.96%    
• View Complete Report
   



Rite Aid Corp

Rite Aid Corp Triumphs Over Challenging Times with Impressive Q3 Revenues



Rite Aid Corp, a leading Pharmacy Services & Retail Drugstore company, experienced a challenging fiscal period ending on September 2, 2023. The company reported a significant decline in revenue by -4.321% to $5.65 billion, resulting in a rise in shortfall per share to $-18.44 compared to $-6.07 in the previous year. These concerning financial results raise questions about Rite Aid Corp's future prospects and how the company will navigate the shifting industry landscape.
Diminishing Revenue and Increased Shortfall:
Rite Aid Corp's financial results from the fiscal period ending in September 2023 indicate a substantial decrease in revenue. The decline of -4.321% to $5.65 billion suggests that the company faced challenges in maintaining sales and generating growth during this period. Additionally, the substantial rise in shortfall per share to $-18.44 highlights the impact of these lower revenues on the company's overall profitability.

Rite Aid Corp

Rite Aid Corp Battles Challenging Market Trends with Resilience in 2024's First Quarter amidst Increasing Losses

Rite Aid Corp, a leading retail pharmacy chain, recently announced its fiscal first-quarter results for 2024, which demonstrated a significant increase in loss per share compared to the previous year. The reported loss per share of $-5.56 is a stark contrast to the $-2.03 reported in the same period last year, showcasing an unfortunate decline in profitability.
Furthermore, the losses also grew from the prior reporting season, where the loss per share stood at $-4.30. This trend suggests that Rite Aid Corp has been facing challenges in its operations, leading to increased financial losses.






 

Rite Aid's Segments
 
 
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