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 Q4 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.

CAMP HILL, Pa.--(BUSINESS WIRE)--Rite Aid (NYSE: RAD) today announced it is administering COVID-19 vaccines to anyone 12 or older at all locations offering the Pfizer vaccine, following the latest guidance from the Centers for Disease Control and Prevention (CDC). Guardians for individuals under 18 can now schedule appointments using the Rite Aid scheduling tool found at www.RiteAid.com/covid-19. Those ages 12 through 17 are only authorized to be vaccinated with the Pfizer vaccine, per CDC guid

COVID-19 Vaccine Age Eligibilty Expands at All Rite Aid Locations

DoorDash

Delivery platform Instacart is teaming up with convenience pharmaceutical company Rite Aid for delivery of everyday needs in as little as two hours, according to a Tuesday (May 11) press release. “Amidst the pandemic, we accelerated our momentum into new categories to address consumers' heightened needs for access to everyday health and wellness essentials,” said Fuad […]

DoorDash Partners With Rite Aid For Same-Day Delivery

Rite Aid (NYSE: RAD)has joined the race for same-day delivery dominance, striking a deal with DoorDash (NYSE: DASH) to provide delivery of nonprescription health, convenience and wellness products. The items can be ordered through the DoorDash app or website for delivery from one of Rite Aid's more than 2,100 locations in 17 states.

Rite Aid joins same-day delivery crowd with DoorDash offering

Rite Aid Corp. said Tuesday that it has partnered with DoorDash Inc. to provide delivery service for non-prescription items such as cleaning products, over-the-counter medicines and grocery items. The service will be available at 2,100 Rite Aid locations across 17 states, with more than 24,000 items available via the Rite Aid app.

Rite Aid partners with DoorDash for non-prescription deliveries

SAN FRANCISCO, May 11, 2021 /PRNewswire/ --  DoorDash (NYSE: DASH), the nation's leading last-mile logistics platform, announced today a partnership with Rite Aid to offer same-day delivery of non-prescription health, convenience, and wellness essentials. Consumers can now order products via the DoorDash platform from more than 2,100 Rite Aid locations across 17 states through the DoorDash app or website, with average delivery in less than an hour.

DoorDash and Rite Aid Announce Partnership for On-Demand Delivery of Health and Wellness Essentials

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The drugstore chains are also expanding community clinics and signing deals with employers to reach Americans who may be busy or hesitant.

Major drugstore chains offer same-day Covid vaccines as eligibility increases and immunization pace slows

Rite Aid is the latest retailer to expand U.S. availability of Covid-19 vaccines, offering them at all locations.

Rite Aid Expands Covid-19 Vaccine Access To All Drugstore Location

CAMP HILL, Pa.--(BUSINESS WIRE)--Rite Aid (NYSE: RAD) today announced it is now administering the COVID-19 vaccine at all locations, spanning more than 2,500 stores in 17 states. Following the latest guidance from the Biden Administration, all those aged 16 years or older are now eligible for vaccination, and Rite Aid encourages everyone to schedule an appointment as soon as possible. While scheduling appointments in advance is recommended to reduce wait time and guarantee availability of the v

COVID-19 Vaccines Now Available at All Rite Aid Locations

CAMP HILL, Pa.--(BUSINESS WIRE)--Rite Aid Corporation (NYSE: RAD) today announced that it has issued a notice of redemption (the “Redemption”) for all $90,808,000 aggregate principal amount of its outstanding 6.125% Senior Notes Due 2023 (CUSIP No. 767754CH5 and CUSIP No. U76659AW8) (the “Notes”) on May 28, 2021 (the “Redemption Date”). The redemption price for the Notes is equal to 100.00% of the principal amount of the Notes to be redeemed plus accrued and unpaid interest, if any, to but excl

Rite Aid Announces Intent to Redeem all of its Outstanding 6.125% Senior Notes Due 2023

Walgreens said it also took a hit from a lackluster cold and flu season as well

Rite Aid says mask-wearing due to COVID-19 drove down cold- and flu-related sales by 37%

Rite Aid's (RAD) Q4 results gain from RxEvolution strategy, strength in Elixir brand and robust online growth. However, COVID-related costs woes and lesser cases of cough, cold and flu are concerns.

Rite Aid's (RAD) Q4 Loss Narrower Than Expected, Sales Beat

Rite Aid Corporation (RAD) CEO Rite Aid Corporation on Q4 2021 Results - Earnings Call Transcript

The pandemic is a two-sided coin for the pharmacy and drug store category. Consumers needed more preventative health products, but they also took better care of themselves.

Soft Cold And Flu Season Drives $18.5 Million Loss For Rite Aid

Rite Aid Corp. shares rose 1.3% in Thursday premarket trading after the pharmacy retailer reported a fourth-quarter sales beat. Net losses totaled $18.5 million, or 34 cents per share, after a loss of $324.7 million, or $6.08 per share, last year.

Rite Aid reports narrower losses, sales beat

Shares of Rite Aid (NYSE:RAD) fell 0.4% in pre-market trading after the company reported Q4 results. Quarterly Results Earnings per share decreased 110.81% year over year to ($0.78), which missed the estimate of ($0.76).

Recap: Rite Aid Q4 Earnings

CAMP HILL, Pa.--(BUSINESS WIRE)--Rite Aid Corporation (NYSE: RAD) today reported operating results for its fourth quarter and fiscal year ended February 27, 2021. For the fourth quarter, the company reported net loss from continuing operations of $18.5 million, or $0.34 loss per share, Adjusted net loss from continuing operations of $41.8 million, or $0.78 loss per share, and Adjusted EBITDA from continuing operations of $41.3 million, or 0.7 percent of revenues. “We remain very optimistic abou

Rite Aid Corporation Reports Fiscal 2021 Fourth Quarter and Full Year Results

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The first big week of the new earnings season continues with several big companies reporting earnings before Thursday's opening bell.

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Solid performance in PBM and Elixir along with expanded omnichannel services is expected to have aided Rite Aid's (RAD) Q4 revenues. However, COVID-19 woes remain concerns.

Factors Likely to Influence Rite Aid's (RAD) Q4 Earnings

Deutsche Bank raises price target on RAD to $27. US government increases vaccine reimbursement from $28 to $40 per dose.

Rite Aid Remains On Track Despite Projected Q4 EBITDA Miss

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Social distancing has dampened demand for cold and flu medicine.

Why Rite Aid Stock Plunged Today

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With the trading day more than halfway over, the broad markets were trading sideways. The Dow Jones industrial average and S&P 500 were each more or less flat on the day, while the Nasdaq was lagging yet again.

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Shares of Rite Aid tumbled almost 20 percent on Thursday (March 25) after the pharmacy chain said that a nearly 40 percent decline in its high-margin cough, cold and flu remedies business this winter “significantly impacted” its quarterly results. The earnings and revenue pre-announcement by the operator of 2,400 stores in 17 states came just […]

Rite Aid Hurt By Weak Cold & Flu Season; Pre-Announces $60 Million Shortfall

Adverse COVID-19 impacts, lesser cases of cold, cough and flu and unfavorable weather weighed on Rite Aid's (RAD) Q4 results. Also, it updated fiscal 2021 view.

Rite Aid (RAD) Stock Plunges on Bleak Q4 Business Update

The stock price of Rite Aid Corporation (NYSE: RAD) fell by over 15% pre-market. This is why it happened.

News for Rite Aid Stock (RAD)