Rite Aid Corporation Issues FY 2013 Guidance In Line With Analysts' Estimates; Comments On FY 2013 Comparable Same Store Sales Guidance

Rite Aid Corporation announced that for fiscal 2013, it expects sales to be between $25.4 billion and $25.8 billion with same stores sales expected to range from flat to an increase of 1.5% over fiscal 2012, adjusted EBITDA is expected to be between $925 million and $1.025 billion. Net loss for fiscal 2013 is expected to be between $103 million and $267 million or a loss per diluted share of $0.13 to $0.31. According to I/B/E/S Estimates, analysts were expecting the Company to report revenue of $25.7 billion, EBITDA of $955 million and net income of $(222) million for fiscal 2013.