Rite Aid

Rite Aid Corp. engages in the ownership and management of retail drug stores. It operates through following segments: Retail Pharmacy and Pharmacy Services. The Retail Pharmacy segment includes branded and generic prescription drugs, health and beauty aids, personal care products, and walk-in retail clinics. The Pharmacy Services segment offers transparent and traditional pharmacy benefit management for insurance companies, employers, health plans, and government employee groups. The company was founded by Alex Grass on September 12, 1962 and is headquartered in Philadelphia, PA.

Earnings data Q2 2023

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Rite Aid Corp. engages in the ownership and management of retail drug stores. It operates through the Retail Pharmacy and Pharmacy Services segments. The Retail Pharmacy segment includes branded and generic prescription drugs, health and beauty aids, personal care products, and walk-in retail clinics. The Pharmacy Services segment offers transparent and traditional pharmacy benefit management for insurance companies, employers, health plans, and government employee groups. The company was founded by Alex Grass on September 12, 1962 and is headquartered in Philadelphia, PA.

Rite Aid is a health products and services company with 2,400 locations across 17 states.

The company's omnichannel business includes digital, retail, and delivery touchpoints. Rite Aid is a top 20 seller of speciality medications, per its investor website.

In addition to its retail business, Rite Aid owns a pharmacy benefits subdivision (Elixir) and a personalized health services and coaching arm, Health Dialog, which has served 10MM members as of May 2022.

The company has reported $1.85 billion of liquidity with no debt maturities until 2025. According to its investor website, Rite Aid expects to be free cash flow (FCF) positive in FY23.

In Q2 2022, Rite Aid shared a three-part growth strategy aimed at deepening market share, expanding into new markets, and creating new offerings.

To grow the current business, Rite Aid is aiming to increase its e-commerce and digital sales, refresh its loyalty program, and grow its specialty pharmacy offering, which focuses on serving customers with complex health conditions.

New market expansion plans include increasing Rite Aid's footprint of "small format" pharmacies in underserved communities and implementing "store within a store" partnerships.

Rite Aid also aims to grow via new offerings, such as expanded health plan and health system clinical services, a pharmacy benefit manager (PBM) as a service offering, and new strategic partnerships.

Rite Aid Investor Relations

*This is not investment advice.

Rite Aid (NYSE: RAD ) stock is taking a beating on Monday after bankruptcy reports claimed the pharmacy chain is closing hundreds of stores. According to these reports, Rite Aid is preparing to close between 400 and 500 of its locations.

RAD Stock Alert: Rite Aid Preps to Close Hundreds of Stores

Reports about the drug store chain's potential bankruptcy filing began circulating late last month, though the company has yet to confirm the move.

Rite Aid Proposes Closing About A Quarter Of Its Stores In Bankruptcy, Report Says

Rite Aid faces more than $3.3 billion in debt and over a thousand federal lawsuits alleging it oversupplied opioids, the Journal reported.

Struggling Rite Aid proposes to close up to 500 stores under bankruptcy plan: report

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PHILADELPHIA--(BUSINESS WIRE)--Following FDA authorization and CDC recommendation, Rite Aid (NYSE: RAD) today announced that scheduling is now available for eligible customers seeking the updated COVID-19 (2023-2024) vaccines at its locations and at Bartell Drugs locations in the Pacific Northwest. Appointments are available beginning on Friday, September 22. “Rite Aid looks forward to providing our customers access to the updated COVID-19 (2023-2024) vaccine to safeguard the health and wellbei.

Rite Aid and Bartell Drugs Announce Availability of Appointments for Updated COVID-19 Vaccine

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PHILADELPHIA--(BUSINESS WIRE)--Rite Aid (NYSE: RAD) announced today that NARCAN® Nasal Spray, a medication used to reverse the effects of an opioid overdose, is available at all locations nationwide, including Bartell Drugs in the Pacific Northwest. NARCAN® Nasal Spray can be purchased over the counter without a prescription. NARCAN® Nasal Spray (naloxone HCl 4 mg) is a medication designed to rapidly reverse the effects of a life-threatening opioid emergency and is the standard treatment for op.

Rite Aid Announces Availability of OTC NARCAN® Nasal Spray at All Locations

Rite Aid (RAD) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.

Rite Aid (RAD) Moves to Buy: Rationale Behind the Upgrade

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Shares of Rite Aid were slightly lower Monday after soaring more than 20% higher in morning trading.

Rite Aid stock is experiencing extreme turbulence: Here's why

Rite Aid (NYSE :RAD ) stock is advancing 2% in morning trading as of this writing. This comes after RAD stock plunged some 50% on Friday.

RAD Stock Alert: Will Rite Aid Be the Next Big Short Squeeze?

Rite Aid (NYSE: RAD ) stock is falling on Monday following reports that the pharmaceutical company is preparing to file for bankruptcy. According to these reports, Rite Aid is getting ready to file for bankruptcy in the near future.

Why Is Rite Aid (RAD) Stock Down Today?

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3M shares climb on lawsuit settlement update, while Rite Aid drops on bankruptcy reports and other moving shares

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What a day it's been for shareholders in Rite Aid (NYSE: RAD ). Shares of RAD stock sank more than 50% in today's session as investors priced in some rather bleak news.

RAD Stock Alert: Rite Aid Plunges on the Brink of Bankruptcy

Rite Aid, one of the biggest pharmacy chains in the country, is preparing to file for Chapter 11 bankruptcy protection in coming weeks, according to a new report.

Rite Aid prepares to file for bankruptcy: report

Rite Aid Corp. RAD, -52.78% shares dropped Friday following a report that the drugstore chain was filing for chapter 11 bankruptcy protection because of opioid lawsuits. Rite Aid shares dropped more than 50% to an intraday low of 66 cents a share after the Wall Street Journal reported the company was filing to cover more than $3.3 billion in debt amid lawsuits that allege the drugstore chain overprescribed opioid painkillers, citing people familiar with the plans.

Rite Aid's stock drops more than 50% on pending chapter 11 bankruptcy: WSJ

Rite Aid could become the latest company to declare bankruptcy as a result of lawsuits filed in the wake of the opioid crisis.

Rite Aid Reportedly Preparing For Bankruptcy Amid Opioid Lawsuits And $3.3 Billion Debt

The Chapter 11 filing would cover Rite Aid's more than $3.3 billion debt load and pending legal allegations that it oversupplied prescription painkillers, the Journal reported.

Rite Aid reportedly prepares to file for bankruptcy to shield it from opioid lawsuits

Rite Aid Corp is preparing to file for bankruptcy in coming weeks to address lawsuits the company is facing over its alleged role in the sale of opioids, the Wall Street Journal reported on Friday, citing people familiar with the plan.

Drug retailer Rite Aid prepares to file for bankruptcy - WSJ

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Earlier this week, InvestorPlace's Thomas Yeung posed an interesting question: Could Rite Aid (NYSE: RAD ) become the next big meme stock? As meme stocks surged last week, The Wall Street Journal flagged the struggling pharmaceutical chain as a likely contender for the next r/WallStreetBets favorite.

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Last week, meme investors “discovered” Rite Aid (NYSE: RAD ), sending its shares up 70%. The Wall Street Journal would quickly give the company a meme stock crown.

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Shares of Rite Aid (NYSE: RAD ) stock are bouncing higher on Friday, up about 5.5% at the moment. At today's high, RAD stock was up roughly 23%.

Rite Aid Short Squeeze Takes RAD Stock 6% Higher

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News for Rite Aid Stock (RAD)