April 11 Rite Aid Corp posted its second
consecutive quarterly profit on Thursday, as the third largest
U.S. drugstore chain filled more prescriptions and sold more
generic drugs, which carry higher profit margins.
Rite Aid, which trails Walgreen Co and CVS Caremark
Corp in size and sales, recorded a profit of $123.1
million, or 13 cents per share, in the fiscal fourth quarter
ended March 2, compared with a loss of $161.3 million, or 18
cents, a year earlier.
Revenue fell to $6.46 billion from $7.15 billion a year
earlier, when there was an extra week in the quarter. Sales at
stores open at least a year, or same-store sales, fell 2