Rite Aid Corporation Lowers FY 2013 Revenue And Same Store Sales Guidance; Raises Low End Of Prior FY 2013 EBITDA Guidance; Raises High End Of Prior FY 2013 Net Income And EPS Guidance

Rite Aid Corporation updated fiscal 2013 guidance and expects sales expected to be between $25.3 billion and $25.7 billion and same store sales to range from a decrease of 0.5% to an increase of 1.0% over fiscal 2012. The Company expects fiscal 2013 adjusted EBITDA guidance to be between $950 million and $1.025 billion and its net loss guidance to be between $103 million and $248 million or a loss per diluted share of $0.13 to $0.29. According to I/B/E/S Estimates, analysts were expecting the Company to report revenue of $25.5 billion, EBITDA of $999 million, net income of $(174) million and EPS of $(0.20) for fiscal 2013.