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Rite Aid Corporation

RAD.N

Latest Trade

9.13USD

Change

0.56(+6.53%)

Volume

735,305

Today's Range

8.73

 - 

9.36

52 Week Range

5.04

 - 

27.20

As of on the New York Stock Exchange ∙ Minimum 15 minute delay

Latest Developments

Rite Aid Appoints Jim Peters As Chief Operating Officer

Oct 3 (Reuters) - Rite Aid Corp <RAD.N>::RITE AID APPOINTS JIM PETERS AS CHIEF OPERATING OFFICER.RITE AID CORP - BRYAN EVERETT IS STEPPING DOWN FROM ROLE AS RITE AID'S CHIEF OPERATING OFFICER TO PURSUE OTHER CAREER OPPORTUNITIES.RITE AID CORP - MOST RECENTLY, PETERS SERVED AS CHIEF EXECUTIVE OFFICER OF SKYWARD HEALTH.

Rite Aid Sees FY 2020 Adjusted Earnings Per Share $0.00 To $0.56

Sept 26 (Reuters) - Rite Aid Corp <RAD.N>::RITE AID REPORTS FISCAL 2020 SECOND QUARTER RESULTS.Q2 LOSS PER SHARE $1.48 FROM CONTINUING OPERATIONS.Q2 REVENUE $5.37 BILLION VERSUS REFINITIV IBES ESTIMATE OF $5.41 BILLION.Q2 SAME STORE SALES FELL 0.6 PERCENT.Q2 EARNINGS PER SHARE ESTIMATE $0.07 -- REFINITIV IBES DATA.SEES FY 2020 ADJUSTED EARNINGS PER SHARE $0.00 TO $0.56.SEES FY 2020 REVENUE $21.5 BILLION TO $21.9 BILLION.Q2 ADJUSTED EARNINGS PER SHARE $0.12 FROM CONTINUING OPERATIONS.SEES FISCAL 2020 SAME STORE SALES EXPECTED TO RANGE FROM INCREASE OF 0.0 PERCENT TO INCREASE OF 1.0 PERCENT OVER FISCAL 2019.SEES 2020 CAPITAL EXPENDITURES TO BE APPROXIMATELY $250 MILLION.FISCAL 2020 ADJUSTED EBITDA IS EXPECTED TO BE BETWEEN $510.0 MILLION AND $550.0 MILLION.FY2020 EARNINGS PER SHARE VIEW $-0.03, REVENUE VIEW $21.61 BILLION -- REFINITIV IBES DATA.

Rite Aid Recalls Folding Patio Chairs Due To Fall Hazard

Aug 29 (Reuters) - U.S. CPSC: :RITE AID RECALLS FOLDING PATIO CHAIRS DUE TO FALL HAZARD.U.S. CPSC - RITE AID RECEIVED 4 REPORTS OF CHAIRS BENDING UNEXPECTEDLY, INCLUDING 1 REPORT OF A MINOR BRUISE AND 1 LACERATION INJURY.

Rite Aid Taps Bank Of America Merchant Services To Provide Payment Processing

Aug 19 (Reuters) - Rite Aid Corp <RAD.N>::RITE AID TAPS BANK OF AMERICA MERCHANT SERVICES TO PROVIDE PAYMENT PROCESSING BOTH IN-STORE AND ONLINE.

Rite Aid Appoints Heyward Donigan As Chief Executive Officer

Aug 12 (Reuters) - Rite Aid Corp <RAD.N>::RITE AID APPOINTS HEYWARD DONIGAN AS CHIEF EXECUTIVE OFFICER.RITE AID CORP - JOHN STANDLEY WILL STEP DOWN FROM HIS ROLE AS CHIEF EXECUTIVE OFFICER.RITE AID - DONIGAN WILL BE GRANTED AN EMPLOYMENT INDUCEMENT AWARD.

Rite Aid Q1 Adjusted Loss Per Share $0.14 From Continuing Operations

Rite Aid Corp <RAD.N>::RITE AID REPORTS FISCAL 2020 FIRST QUARTER RESULTS.Q1 ADJUSTED LOSS PER SHARE $0.14 FROM CONTINUING OPERATIONS.Q1 LOSS PER SHARE $1.88 FROM CONTINUING OPERATIONS.Q1 REVENUE $5.37 BILLION VERSUS REFINITIV IBES ESTIMATE OF $5.38 BILLION.Q1 EARNINGS PER SHARE ESTIMATE $-0.08 -- REFINITIV IBES DATA.SEES FY 2020 SALES $21.5 BILLION TO $21.9 BILLION.Q1 RETAIL PHARMACY SEGMENT SAME STORE SALES INCREASED 1.4 PERCENT.QTRLY FRONT END SAME STORE SALES, EXCLUDING CIGARETTES AND TOBACCO PRODUCTS, GREW 0.3 PERCENT.CURRENT QUARTER NET LOSS FROM CONTINUING OPERATIONS INCLUDES $43.4 MILLION IN PRE-TAX RESTRUCTURING-RELATED COSTS.RITE AID CONFIRMS FISCAL 2020 OUTLOOK.Q1 RESULTS DID NOT MEET EXPECTATIONS.EXPECT TO MEET FULL-YEAR GUIDANCE.REVENUES FROM CONTINUING OPERATIONS FOR QUARTER WERE $5.37 BILLION COMPARED TO REVENUES FROM CONTINUING OPERATIONS OF $5.39 BILLION IN PRIOR YEAR'S QUARTER.QTRLY TOTAL REVENUE $5.46 BILLION VERSUS $5.44 BILLION.Q1 REVENUE VIEW $5.38 BILLION -- REFINITIV IBES DATA.FY2020 EARNINGS PER SHARE VIEW $-0.03, REVENUE VIEW $21.60 BILLION -- REFINITIV IBES DATA.QTRLY PHARMACY SALES WERE NEGATIVELY IMPACTED BY APPROXIMATELY 207 BASIS POINTS AS A RESULT OF NEW GENERIC INTRODUCTIONS.

Rite Aid Appoints Elizabeth Burr And Katherine Quinn To Board

April 15 (Reuters) - Rite Aid Corp <RAD.N>::RITE AID APPOINTS ELIZABETH BURR AND KATHERINE QUINN TO BOARD OF DIRECTORS.RITE AID CORP - JOSEPH B. ANDERSON, JR. AND MICHAEL N. REGAN RETIRE FROM BOARD, EFFECTIVE IMMEDIATELY.RITE AID CORP - ELIZABETH BURR MOST RECENTLY SERVED AS CHIEF INNOVATION OFFICER AND VICE PRESIDENT OF HEALTHCARE TREND AND INNOVATION AT HUMANA.RITE AID CORP - KATHERINE QUINN CURRENTLY SERVES AS VICE CHAIRMAN AND CHIEF ADMINISTRATIVE OFFICER OF U.S. BANCORP.

Rite Aid Reports Q4 Adjusted Loss Per Share $0.01 From Continuing Operations

April 11 (Reuters) - Rite Aid Corp <RAD.N>::RITE AID REPORTS FISCAL 2019 FOURTH QUARTER AND FULL YEAR RESULTS.Q4 ADJUSTED LOSS PER SHARE $0.01 FROM CONTINUING OPERATIONS.Q4 LOSS PER SHARE $0.24 FROM CONTINUING OPERATIONS.Q4 REVENUE $5.38 BILLION VERSUS REFINITIV IBES ESTIMATE OF $5.56 BILLION.Q4 EARNINGS PER SHARE ESTIMATE $-0.02 -- REFINITIV IBES DATA.SEES FY 2020 SALES $21.5 BILLION TO $21.9 BILLION.PROVIDES OUTLOOK FOR FISCAL 2020.BOARD APPROVES 1-FOR-20 STOCK SPLIT RATIO.CAPITAL EXPENDITURES ARE EXPECTED TO BE APPROXIMATELY $250 MILLION FOR FY2020.ADJUSTED NET (LOSS) INCOME PER SHARE IS EXPECTED TO BE BETWEEN A LOSS OF $0.01 AND INCOME OF $0.04 FOR FY2020.SAME STORE SALES FROM RETAIL PHARMACY CONTINUING OPERATIONS FOR Q4 INCREASED 0.7 PERCENT OVER PRIOR YEAR.2020 OUTLOOK ALSO ASSUMES A REDUCTION OF APPROXIMATELY $40 MILLION IN TSA FEE INCOME FROM WBA.HAS NO DEBT MATURING UNTIL 2023 AND HAS INCREASED LIQUIDITY BY $450 MILLION.SAME STORE SALES FROM RETAIL PHARMACY CONTINUING OPERATIONS FOR Q4 INCREASED 0.7 PERCENT OVER PRIOR YEAR.COMPANY CLOSED 56 STORES, RESULTING IN A TOTAL STORE COUNT OF 2,469 AT END OF Q4.FY2020 SAME STORE SALES EXPECTED TO RANGE FROM AN INCREASE OF 0.0 PERCENT TO AN INCREASE OF 1.0 PERCENT OVER FISCAL 2019.INCOME TAX EXPENSE IN Q4 IMPACTED BY A $197.0 MILLION CHARGE RELATED TO INCREASE IN VALUATION ALLOWANCE AGAINST ITS DEFERRED TAX ASSET.IN FY2020 DOES NOT EXPECT TO BE ABLE TO AS EFFECTIVELY OFFSET DECLINES WITH GENERIC DRUG PURCHASING SAVINGS AS IN PRIOR YEAR.

Rite Aid Stockholders Approve Reverse Stock Split

Rite Aid Corp <RAD.N>::RITE AID STOCKHOLDERS APPROVE REVERSE STOCK SPLIT.RITE AID CORP - WITH APPROXIMATELY 987 MILLION ELIGIBLE VOTES CAST, STOCKHOLDERS VOTED 78% IN FAVOR OF REVERSE SPLIT..RITE AID CORP - BOARD MAY SELECT REVERSE STOCK SPLIT RATIO OF EITHER 1-FOR-10, 1-FOR-15 OR 1-FOR-20 IN DUE COURSE.

Rite Aid Announces Leadership Transition And Organizational Restructuring

March 12 (Reuters) - Rite Aid Corp <RAD.N>::RITE AID ANNOUNCES LEADERSHIP TRANSITION AND ORGANIZATIONAL RESTRUCTURING.JOHN STANDLEY TO STEP DOWN AS CHIEF EXECUTIVE OFFICER.KERMIT CRAWFORD, PRESIDENT AND COO, AND DARREN KARST, CFO AND CAO, LEAVING COMPANY.KERMIT CRAWFORD, PRESIDENT AND COO, AND DARREN KARST, CFO AND CAO, LEAVING COMPANY.COMPANY EXPECTS TO GENERATE ANNUAL COST SAVINGS OF $55 MILLION THROUGH ORGANIZATIONAL RESTRUCTURING.WILL REDUCE MANAGERIAL LAYERS AND CONSOLIDATE ROLES ACROSS ORGANIZATION.STANDLEY WILL REMAIN CEO UNTIL APPOINTMENT OF HIS SUCCESSOR.RITE AID EXPECTS TO INCUR A ONE-TIME RESTRUCTURING CHARGE OF APPROXIMATELY $38 MILLION TO ACHIEVE TARGETED COST SAVINGS.TO CUT APPROXIMATELY 400 FULL-TIME POSITIONS.BRYAN EVERETT AND MATT SCHROEDER NAMED COO AND CFO, RESPECTIVELY.ABOUT TWO-THIRDS OF REDUCTIONS WILL TAKE PLACE IMMEDIATELY WITH BALANCE BY END OF FISCAL 2020.TO CUT MORE THAN 20% OF CORPORATE POSITIONS LOCATED AT COMPANY'S HEADQUARTERS AND ACROSS FIELD ORGANIZATION.ANNOUNCED LEADERSHIP TRANSITION PLAN AND ORGANIZATIONAL RESTRUCTURING TO BETTER ALIGN STRUCTURE WITH OPERATIONS AND TO REDUCE COSTS.MATT SCHROEDER, CHIEF ACCOUNTING OFFICER AND TREASURER, HAS BEEN PROMOTED TO CHIEF FINANCIAL OFFICER.SAVINGS FROM JOB CUTS TO OFFSET EXPECTED REDUCTION IN INCOME ASSOCIATED WITH OBLIGATIONS UNDER AGREEMENT WITH WALGREEN CO.

Quote and financial data from Refinitiv. Fund performance data provided by Lipper. All quotes delayed a minimum of 15 minutes.

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