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 2025

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Rite Aid is a drugstore chain that offers prescription medications, over-the-counter drugs, and health and wellness products. Rite Aid is reshaping the concept of a modern pharmacy by catering to customer demands through various convenient channels, including retail and delivery pharmacy services. Additionally, the company's offerings extend to services provided by its wholly-owned subsidiaries, namely Elixir, Bartell Drugs, and Health Dialog. Elixir, Rite Aid’s pharmacy benefits and services company, encompasses accredited mail and specialty pharmacies, prescription discount programs, and an advanced adjudication platform. These components combine to provide exceptional member experiences and substantial cost savings. Furthermore, Health Dialog delivers healthcare coaching and disease management services through interactive live online sessions and phone-based health services.

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.

Shares of Rite Aid Corp. soared 9.7% in premarket trading Thursday, after the drug store chain reported fiscal third-quarter profit and revenue that beat expectations, and raised its full-year outlook to expect earnings rather than potential losses. Net income for the quarter to Nov. 28 fell to $54.1 million, or 8 cents a share, from $53.6 million, or 96 cents a share, in the year-ago period.

Rite Aid's stock soars after big profit beat, raised outlook

CAMP HILL, Pa.--(BUSINESS WIRE)--Rite Aid Corporation (NYSE: RAD) today reported operating results for its third fiscal quarter ended November 28, 2020. For the third quarter, the company reported net income from continuing operations of $4.3 million, or $0.08 income per share, Adjusted net income from continuing operations of $21.6 million, or $0.40 income per share, and Adjusted EBITDA from continuing operations of $137.4 million, or 2.3 percent of revenues. “We are pleased with our third qua

Rite Aid Corporation Reports Fiscal 2021 Third Quarter Results

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Baidu, iQiyi, DraftKings, Rite Aid and General Mills were our top stock trades for Thursday. That said, let's look at the charts now.

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Strong performance in the retail pharmacy and pharmacy services segments is likely to have aided Rite Aid's (RAD) Q3 revenues. Also, solid demand for essentials has been driving performance.

Things You Must Know Ahead of Rite Aid's (RAD) Q3 Earnings

Rite Aid (RAD) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Earnings Preview: Rite Aid (RAD) Q3 Earnings Expected to Decline

Rite Aid (RAD) saw a big move last session, as its shares jumped nearly 8% on the day, amid huge volumes.

Rite Aid (RAD) Catches Eye: Stock Jumps 7.6%

CAMP HILL, Pa.--(BUSINESS WIRE)--Following this year's fundraising campaign, Rite Aid has exceeded $100 million in overall giving to Children's Miracle Network Hospitals.

Rite Aid Exceeds $100 Million in Overall Giving to Children's Miracle Network Hospitals

A number of factors, including a rebranding plan, lifted the stock in November.

Why Rite Aid Stock Jumped 44% Last Month

CAMP HILL, Pa.--(BUSINESS WIRE)--Rite Aid Corporation (NYSE: RAD) said today that it will release financial results for its Fiscal 2021 Third Quarter, which ended Nov. 28, 2020, on Thursday, Dec 17, 2020. The company will hold an analyst call at 8:30 a.m. Eastern Time with remarks by Rite Aid's management team. The call will be broadcast via the Internet at https://www.riteaid.com/corporate/investor-relations/presentations. The telephone replay will be available beginning at 12 p.m. Eastern Tim

Rite Aid to Release Third Quarter Results on December 17

CAMP HILL, Pa.--(BUSINESS WIRE)--Rite Aid (NYSE: RAD) has hired Texanna Reeves, a respected diversity and inclusion leader, to develop and implement the organization's overall diversity, inclusion and belonging strategy. Rite Aid has continued to hire senior leaders to drive forward its broader RxEvolution strategy, and the addition of Reeves signals the organization's commitment to sustainable systemic change as a key component of its overall transformation. “Diversity and inclusion are essent

Rite Aid Hires Texanna Reeves to Lead Diversity, Equity and Inclusion Efforts

Shares of Rite Aid Corp. were up 2.0% in trading on Tuesday after the government reportedly renewed funding for COVID-19 testing that had been set to expire at the end of this month. The drugstore chain had announced Tuesday morning that it would begin charging $115 for symptomatic and asymptomatic diagnostic testing starting Dec. 1.

Rite Aid's stock gains 2% as it says it will continue to offer free COVID-19 tests in December

CAMP HILL, Pa.--(BUSINESS WIRE)--Please replace the release with the following corrected version due to multiple revisions. The updated release reads: RITE AID UPDATES COVID-19 TESTING PROGRAM Asymptomatic testing will be available for individuals 13 and older at existing Rite Aid testing sites To continue to provide its customers with an essential service during the pandemic, Rite Aid (NYSE: RAD) is updating its COVID-19 testing program through its partnership with the U.S. Department of Healt

CORRECTING and REPLACING Rite Aid Updates COVID-19 Testing Program

Rite Aid Corp. said Tuesday it will start charging $115 per COVID-19 test from Dec. 1, following the end of federal funding for diagnostic testing by the U.S. Department of Health and Human Services. The drug store chain said it will offer testing for individuals aged 13 and older regardless of whether they are symptomatic or asymptomatic.

Rite Aid to start charging $115 per COVID-19 test from Dec. 1 as federal funding ends

CAMP HILL, Pa.--(BUSINESS WIRE)--To continue to provide its customers with an essential service during the pandemic, Rite Aid (NYSE: RAD) is updating its COVID-19 testing program following the end of federal funding for diagnostic testing by the U.S. Department of Health and Human Services (HHS). Effective December 1, 2020, no-charge testing at Rite Aid's existing testing sites will be replaced by testing for individuals 13 years of age and older for $115 per test (payable via cash, credit, deb

Rite Aid Updates COVID-19 Testing Program

CAMP HILL, Pa.--(BUSINESS WIRE)--The Rite Aid Foundation is providing grants for $1 million each to Girls on the Run and SeriousFun Children's Network.

Rite Aid Foundation Announces New Partnerships With Girls on the Run, SeriousFun Children's Network

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The announcement sent shares of CVS tumbling 8.8 percent Tuesday afternoon, while Rite Aid plummeted 16 percent and Walgreens Boots Alliance was down 8.4 percent.

Amazon Pharmacy announcement sends stocks of drugstore chains tumbling

Drugstore stocks, such as CVS, Walgreens, Goodrx Holdings, and Rite Aid are taking a beating on Tuesday following news from Amazon. The post Drugstore Stocks News: Why CVS, WBA, GDRX and RAD Are Sinking Today appeared first on InvestorPlace.

Drugstore Stocks News: Why CVS, WBA, GDRX and RAD Are Sinking Today

Amazon's foray into the prescription-medicine space deepened on Tuesday after the e-commerce giant launched a digital pharmacy store as a section within its retail website. Now, shoppers can buy their prescription medicines directly from Amazon's website, with the ability to pay with insurance or without. Amazon Prime members will receive discounts on certain medicines and two-day shipping, adding a few more perks to the list of Amazon Prime benefits.

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CVS, Rite Aid and other pharmacy stocks were under pressure on Tuesday morning after Amazon's newest venture was announced.

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Rite Aid, locked in a battle for U.S. market share with CVS and Walgreens, unveiled its rebranding Monday (Nov. 9) along with a new vision for its in-store and digital-first experience. “This is an important milestone in our relentless pursuit of becoming the preeminent whole health destination.

Rite Aid Rebrands, Reconfigures Retail Experience

Rite Aid Corp. shares rose 2.8% in Monday premarket trading after the pharmacy retailer announced a new marketing and branding campaign that includes a new corporate logo, digital experience and a test of a "store of the future" design. Rite Aid says it is targeting millennial and Gen X women, and has been working towards the revamp over the last year, with new supplier relationships, employee training and tools and more.

Rite Aid announces rebranding, new store design test

Rite Aid is betting that new stores that put pharmacists at the front instead of the back will help it draw customers at a time when competition from online shopping is surging.

News for Rite Aid Stock (RAD)