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Rite Aid Corp  (RAD)
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EARNINGS REPORT by CSIMarket

Impairment charge hurt Rite Aid Corp


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Assets impairment charges of $415 million, widen comany's losses in the second quarter 2018



Declining demand caused increase in losses for the second quarter 2018, company's loss per share grew to $-0.34 from $0.16 where Sales fell by -29.4 % to $5.42 billions from $7.68 billions a year ago.

In contrast to the first quarter 2018 Sales increased by 0.61 % from $5.39 billions and eps fell from $0.20 per share.

For the second quarter 2018 Rite Aid Corp logged net loss of $-359 million, instead of net income of $171 millions achieved in the same quarter a year before.

The losses from it's business operations, were increased by $415 million impairment charges.
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Rite Aid reported first quarter 2018 earnings

Rite Aid reported forth quarter 2018 earnings

Rite Aid reported third quarter 2017 earnings

     
       
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