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 Q1 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 (RAD) came out with a quarterly loss of $1.24 per share versus the Zacks Consensus Estimate of a loss of $0.77. This compares to loss of $1.63 per share a year ago.

Rite Aid (RAD) Reports Q4 Loss, Tops Revenue Estimates

Rite Aid reported a quarterly loss of more than $241 million as the struggling drugstore chain suffers from a loss of revenue from store closures on top of the loss of COVID-19 vaccine and testing sales.

Rite Aid Losses Hit $241 Million As Stores Close And Covid Test And Vaccine Sales Drop

Rite Aid Corp. RAD, -5.95% stock dropped 7% in premarket trades after the drug store chain reported a wider-than-expected loss and issued guidance that fell short of estimates. Rite Aid said it lost $241.3 million, or $4.39 loss per share in its fiscal fourth quarter, compared to a loss of $389.06 million, or $7.18 a share in the year-ago quarter.

Rite Aid stock drops 7% in premarket after reporting wider-than-expected loss

PHILADELPHIA--(BUSINESS WIRE)--Rite Aid Corporation (NYSE: RAD) today reported operating results for its fourteen-week fourth quarter and fifty-three-week fiscal year ended March 4, 2023. “Our fourth quarter results were at the higher end of our guidance and above consensus, driven by encouraging results in retail pharmacy and year over year improvement for the quarter at Elixir,” said Elizabeth “Busy” Burr, interim chief executive officer.

Rite Aid Corporation Reports Fiscal 2023 Fourth Quarter and Full Year Results and Provides Fiscal 2024 Outlook

The cash-strapped drugstore chain is looking for a permanent leader amid declining demand and looming legal challenges.

Rite Aid Seeks Direction as Sales Slow

Higher non-COVID prescriptions, strength in PBM and delivery service expansion are likely to have impacted Rite Aid's (RAD) Q4 performance amid sluggishness in Retail Pharmacy and Pharmacy Services.

Factors Likely to Influence Rite Aid (RAD) in Q4 Earnings

NEW YORK--(BUSINESS WIRE)-- #A--Bragar Eagel & Squire, P.C., a nationally recognized stockholder rights law firm, announces that a class action lawsuit has been filed against Rite Aid Corporation (“Rite Aid” or the “Company”) (NYSE: RAD) in the United States Ohio Northern District Court on behalf of all persons and entities who purchased or otherwise acquired Rite Aid securities between April 26, 2018 and March 13, 2023, both dates inclusive (the “Class Period”).

RITE AID ALERT: Bragar Eagel & Squire, P.C. Announces that a Class Action Lawsuit Has Been Filed Against Rite Aid Corporation and Encourages Investors to Contact the Firm

NEW YORK , April 6, 2023 /PRNewswire/ --  WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of the securities of Rite Aid Corporation (NYSE: RAD) between April 26, 2018 and March 13, 2023, both dates inclusive (the "Class Period"), of the important May 19, 2023 lead plaintiff deadline in the securities class action commenced by the firm. SO WHAT: If you purchased Rite Aid securities during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.

RAD NOTICE: ROSEN, A LEADING INVESTOR RIGHTS LAW FIRM, Encourages Rite Aid Corporation Investors to Secure Counsel Before Important Deadline in Securities Class Action Filed by the Firm - RAD

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LE AD PLAINTIFF DEADLINE IS MAY 19, 2023 NEW YORK , April 1, 2023 /PRNewswire/ --  Wolf Haldenstein Adler Freeman & Herz LLP  ("Wolf Haldenstein") announces that a federal securities class action lawsuit  has been filed in the United States District Court for the Northern District of Ohio on behalf of investors who purchased or acquired the securities of Rite Aid Corporation ("Rite Aid" or the "Company") (NYSE: RAD) between April 26, 2018 and March 13, 2023, inclusive (the "Class Period"). A ll investors who purchased shares and incurred losses are  advised  to contact the firm immediately at classmember@whafh.com or (800) 575-0735 or (212) 545-4774.

RITE AID CORPORATION CLASS ACTION ALERT: WOLF HALDENSTEIN ADLER FREEMAN & HERZ LLP REMINDS INVESTORS THAT A SECURITIES CLASS ACTION LAWSUIT HAS BEEN FILED IN THE UNITED STATES DISTRICT COURT FOR THE NORTHERN DISTRICT OF OHIO AGAINST RITE AID CORPORATION

Complaint alleges That Rite Aid Corporation Made Misleading Statements Regarding Unlawfully Filled Prescriptions ONTARIO, Calif. , March 30, 2023 /PRNewswire/ -- McCune Law Group, McCune Wright Arevalo Vercoski Kusel Weck Brandt APC (MLG) – a national law firm specializing in Securities Litigation, Commercial Litigation, and Class Actions, is investigating Rite Aid Corporation (NYSE: RAD) ("Rite Aid" or the Company") over allegations that Rite Aid made false and/or misleading statements that failed to disclose the unlawful filling hundreds of thousands of prescriptions for controlled substances that lacked a legitimate medical purpose.

National Law Firm Investigating Rite Aid Corporation Over Alleged False/Misleading Statements That Damaged Investors

NEW YORK , March 29, 2023 /PRNewswire/ -- WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of the securities of Rite Aid Corporation (NYSE: RAD) between April 26, 2018 and March 13, 2023, both dates inclusive (the "Class Period"), of the important May 19, 2023 lead plaintiff deadline in the securities class action commenced by the firm. SO WHAT: If you purchased Rite Aid securities during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.

ROSEN, TOP RANKED INVESTOR COUNSEL, Encourages Rite Aid Corporation Investors to Secure Counsel Before Important Deadline in Securities Class Action Commenced by the Firm - RAD

Did you lose money on investments in Rite Aid? If so, please visit Rite Aid Corporation Shareholder Class Action Lawsuit or contact  Peter Allocco at (212) 951-2030 or pallocco@bernlieb.com to discuss your rights.

RITE AID CORPORATION (NYSE: RAD) SHAREHOLDER CLASS ACTION ALERT: Bernstein Liebhard LLP Announces that a Securities Class Action Lawsuit Has Been Filed Against Rite Aid Corporation (NYSE: RAD)

NEW YORK , March 24, 2023 /PRNewswire/ -- Attorney Advertising-- Bronstein, Gewirtz & Grossman, LLC notifies investors that a class action lawsuit has been filed against Rite Aid Corporation (NYSE:RAD) ("Rite Aid" or the "Company") and certain of its officers, on behalf of all persons and entities that purchased, or otherwise acquired Rite Aid securities between April 26, 2018 and March 13, 2023, inclusive (the "Class Period"). Such investors are encouraged to join this case by visiting the firm's site: www.bgandg.com/rad.

Investor Alert: Bronstein, Gewirtz & Grossman, LLC Notifies Rite Aid Corporation (RAD) Investors of Class Action and to Actively Participate

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PHILADELPHIA--(BUSINESS WIRE)--Rite Aid Corporation (NYSE: RAD) will release financial results for its Fiscal 2023 Fourth Quarter, which ended March 4, 2023, on Thursday, April 20, 2023. The company will hold an analyst call at 8:30 a.m. ET with remarks by Rite Aid's management team. The call will be broadcast at https://investors.riteaid.com. The telephone replay will be available beginning at 12:00 p.m. ET on Thursday, April 20, 2023, through 11:59 p.m. ET on May 21, 2023.

Rite Aid to Release Fourth Quarter Results on April 20

NEW YORK , March 22, 2023 /PRNewswire/ -- WHY: Rosen Law Firm, a global investor rights law firm, announces it has filed a class action lawsuit on behalf of purchasers of the securities of Rite Aid Corporation (NYSE: RAD) between April 26, 2018 and March 13, 2023, both dates inclusive (the "Class Period"). A class action lawsuit has already been filed.

EQUITY ALERT: ROSEN, TRUSTED INVESTOR COUNSEL, Encourages Rite Aid Corporation Investors With Losses in Excess of $100K to Secure Counsel Before Important Deadline in Securities Class Action Commenced by the Firm - RAD

NEW YORK--(BUSINESS WIRE)--Rosen Law Firm, a global investor rights law firm, announces it has filed a class action lawsuit on behalf of purchasers of the securities of Rite Aid Corporation (NYSE: RAD) between April 26, 2018 and March 13, 2023, both dates inclusive (the “Class Period”). The lawsuit seeks to recover damages for Rite Aid investors under the federal securities laws. To join the Rite Aid class action, go to https://rosenlegal.com/submit-form/?case_id=9388 or call Phillip Kim, Esq.

EQUITY ALERT: Rosen Law Firm Files Securities Class Action Lawsuit on Behalf of Rite Aid Corporation Investors – RAD

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Amazon has apparently added another retailer to its stable of home-delivery partners. The eCommerce giant has teamed up with pharmacy chain Rite Aid to offer two-hour delivery to Amazon Prime members in parts of Newark, N.J.

Rite Aid Teams With Amazon to Offer 2-Hour Delivery

NEW YORK , March 15, 2023 /PRNewswire/ -- WHY: Rosen Law Firm, a global investor rights law firm, announces that it is investigating potential securities claims on behalf of shareholders of Rite Aid Corporation (NYSE: RAD) resulting from allegations that Rite Aid may have issued materially misleading business information to the investing public. SO WHAT: If you purchased Rite Aid securities you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.

EQUITY ALERT: ROSEN, TRUSTED INVESTOR COUNSEL, Encourages Rite Aid Corporation Investors to Inquire About Securities Class Action Investigation - RAD

LOS ANGELES--(BUSINESS WIRE)---- $RAD #RAD--The Schall Law Firm Announces it is Investigating Claims Against Rite Aid Corporation and Encourages Investors with Losses to Contact the Firm

INVESTIGATION REMINDER: The Schall Law Firm Announces it is Investigating Claims Against Rite Aid Corporation and Encourages Investors with Losses to Contact the Firm

The U.S. Justice Department said Rite Aid “dispensed controlled substances in violation of the False Claims Act and the Controlled Substances Act.”

A Costly DOJ Probe Could Thwart Rite Aid Turn Around

INVESTIGATION ALERT: The Schall Law Firm Announces it is Investigating Claims Against Rite Aid Corporation and Encourages Investors with Losses to Contact the Firm

NEW YORK--(BUSINESS WIRE)--WHY: Rosen Law Firm, a global investor rights law firm, announces that it is investigating potential securities claims on behalf of shareholders of Rite Aid Corporation (NYSE: RAD) resulting from allegations that Rite Aid may have issued materially misleading business information to the investing public.

EQUITY ALERT: ROSEN, A TOP RANKED LAW FIRM, Encourages Rite Aid Corporation Investors to Inquire About Securities Class Action Investigation – RAD

“These practices opened the floodgates for millions of opioid pills and other controlled substances to flow illegally out of Rite Aid's stores,” on DOJ official said.

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