News: Rite Aid Corp (RAD.N)

RAD.N on New York Stock Exchange

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1 Aug 2013
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Tue, Jul 9 2013

UPDATE 1-Lower generic drug prices hurt Jean Coutu profit

* 1st-quarter earnings C$0.51/shr vs C$1.81/share year earlier

Rite Aid posts third straight quarterly profit

- Rite Aid Corp , the No. 3 U.S. drugstore chain, posted its third consecutive quarterly profit on Thursday, helped by sales of higher-margin generic drugs.

Rite Aid forecasts current-quarter profit above estimates

- Rite Aid Corp forecast a current-quarter profit far above market estimates as the third-largest U.S. drugstore chain continued to sell more generic drugs, which carry higher profit margins.

Fitch Affirms Rite Aid's IDR at 'B-'; Outlook Stable

(The following statement was released by the rating agency) NEW YORK, April 26 (Fitch) Fitch Ratings has affirmed its ratings on Rite Aid Corporation (Rite Aid), including its Issuer Default Rating (IDR) at 'B-'. The Rating Outlook is Stable. A complete list of ratings is provided at the end of this release. KEY RATING DRIVERS: --Rite Aid's high leverage and operating statistics that significantly trail its two major competitors; --Strong market share position as the third largest U.S. drug

Canada's Jean Coutu cuts stake in Rite Aid to 11.7 pct

April 16 - Canadian drugstore chain Jean Coutu Group Inc said it has sold 72.5 million shares in Rite Aid Corp, bringing its stake in the company to 11.7 percent.

BRIEF-Rite Aid shares up 4.3 pct in premarket trading

NEW YORK, April 12 - Rite Aid Corp : * Shares up 4.3 percent in premarket trading

Rite Aid posts quarterly and annual profits, shares up

- Rite Aid Corp posted its second consecutive quarterly profit on Thursday, topping Wall Street's expectations, as the third-largest U.S. drugstore chain filled more prescriptions and sold more generic drugs, which carry higher profit margins.

UPDATE 3-Rite Aid posts quarterly and annual profits, shares up

* Shares up 20 percent to $2.14; highest level since 2009

BRIEF-Rite Aid sees spending about $65 million on prescription file purchases this year

CHICAGO, April 11 - Rite Aid Corp : * Sees spending about $65 million on prescription file purchases this year * Says would do more than $65 million in file buys if possible

BRIEF-Rite Aid shares up 10.6 pct in premarket trading

NEW YORK, April 11 - Rite Aid Corp : * Shares up 10.6 percent in premarket trading after results

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