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 Corp. RAD, +6.17% shares rose 4.8% in Thursday premarket trading after the pharmacy retailer reported first-quarter revenue that beat expectations and raised its full-year guidance. Net loss totaled $110.2 million, or $2.03 per share, after a loss of $13.1 million, or 24 cents per share, last year.

Rite Aid reports a revenue beat, raises guidance

PHILADELPHIA--(BUSINESS WIRE)--Rite Aid Corporation (NYSE: RAD) today reported operating results for its first fiscal quarter ended May 28, 2022. “We continue to make strides on our journey to transform Rite Aid and define the modern pharmacy. In the first quarter we increased our non-COVID prescriptions, reduced SG&A, built momentum at Elixir and delivered solid results across the business. The entire Rite Aid team looks forward to advancing our pharmacists' role in improving health outcom

Rite Aid Corporation Reports Fiscal 2023 First Quarter Results

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Earnings Previews: Darden Restaurants, KB Home, Rite Aid, Winnebago

PHILADELPHIA--(BUSINESS WIRE)--Following FDA authorization and new CDC recommendations, select Rite Aid (NYSE: RAD) locations – including Bartell Drugs, owned by Rite Aid Corporation, will be providing Pfizer-BioNTech COVID-19 vaccines to children ages 3 and over once shipments arrive to select pharmacies later this week. Rite Aid pharmacists are trained to administer vaccines down to the age of 3. Parents or guardians can schedule eligible children using Rite Aid's scheduling tool, https://www

Scheduling for COVID-19 Vaccinations for Children Ages 3 and Over Now Available at Rite Aid and Bartell Drug locations

Strong underlying business and robust digital and retail growth are expected to aid Rite Aid (RAD) in Q1. Its Retail Pharmacy segment is likely to be a key contributor despite supply headwinds.

What is Likely to Drive Rite Aid's (RAD) Earnings in Q1?

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CAMP HILL, Pa.--(BUSINESS WIRE)--Rite Aid Corporation (NYSE: RAD) (“Rite Aid” or the “Company”) announced today the commencement of a series of tender offers to purchase for cash certain of its outstanding series of senior notes listed in the table below (collectively, the “Notes”) for an aggregate purchase price, excluding accrued and unpaid interest, of up to $150,000,000 (the “Maximum Aggregate Cap”). Dollars per $1,000 Principal Amount of Notes(3)   Title of Security CUSIP Number Principal

Rite Aid Announces Cash Tender Offers for Outstanding Debt Securities

CAMP HILL, Pa.--(BUSINESS WIRE)--Rite Aid Corporation (NYSE: RAD) said today that it will release financial results for its Fiscal 2023 First Quarter, which ended May 28, 2022, on Thursday, June 23, 2022. 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://investors.riteaid.com. The telephone replay will be available beginning at 12:00 p.m. Eastern Time on Thursday, June 23, 2022, and

Rite Aid to Release First Quarter Results on June 23

Rite Aid's leadership team is highlighting the drugstore chain's growing pharmacy benefit management company amid buyout rumblings for the U.S. drugstore chain.

Rite Aid Touts PBM, Other Assets Amid Buyout Rumblings

Partnership to Increase Access to Comprehensive Care for Americans Living in Rural Areas SAN FRANCISCO , May 31, 2022 /PRNewswire/ -- Today, Homeward, a company committed to improving access to high-quality, comprehensive care in rural communities, announced a strategic partnership with Rite Aid (NYSE: RAD) to provide access to comprehensive care for those living in rural areas across the U.S. Rite Aid and Homeward partner to provide access to comprehensive care for those living in rural areas across the U.S Pharmacists are among the most trusted members of a local community – especially for the more than 50 percent of Americans living with a chronic condition[1]. Today, Rite Aid has over 6,300 pharmacists across 2,300 locations, including 700 pharmacy locations in rural areas, many of which are healthcare deserts with limited access to doctors and hospitals.

RITE AID AND HOMEWARD PARTNER TO SUPPORT SENIORS IN UNDERSERVED COMMUNITIES

Rite Air Corp. RAD, -4.69% said Friday that the COVID-19 boosters for 5-to-11 year olds made by Pfizer Inc. PFE, +2.13% and BioNTech SE BNTX, -3.70% are available at its drug stores and at Bartell Drugs, which it owns. The booster for that age group was authorized by the Food and Drug Administration earlier this week, and the Centers for Disease Control and Prevention's Advisory Committee on Immunization Practices recommended Thursday in favor of kids that age group getting the booster five months after their second dose.

Rite Aid and its Bartell Drugs has COVID-19 boosters for 5-to-11 year olds available

PHILADELPHIA--(BUSINESS WIRE)--Rite Aid (NYSE: RAD) today announced it will begin administering a booster dose of Pfizer's COVID-19 vaccine at select locations for eligible children ages 5 to 11, following approval by the Centers for Disease Control and Prevention (CDC) and the Food and Drug Administration (FDA) on Thursday. Bartell Drugs, owned by Rite Aid Corporation, will also begin administering boosters to this age group at select Seattle and Western Washington locations. Children in this

COVID-19 Boosters Now Available at Rite Aid and Bartell Drugs Locations for Eligible Children Ages 5 – 11

SAN FRANCISCO--(BUSINESS WIRE)--Afterpay, the leader in "Buy Now, Pay Later" (BNPL) payments, and trusted care retailer Rite Aid (NYSE: RAD) announced their partnership today, offering Rite Aid's online shoppers a new way to pay for everyday items in four installments at no additional cost when you pay on time. This partnership will help customers access and spend responsibly on everyday goods with Afterpay's powerful budgeting tool. “Our relationship with Rite Aid, and expansion into drugstore

Rite Aid and Afterpay Partner to Offer ‘Buy Now, Pay Later' on Everyday Items

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PHILADELPHIA--(BUSINESS WIRE)--Rite Aid (NYSE: RAD) today announced that nearly 98% of its retail pharmacies across the 17 states it serves now offers FDA-authorized COVID-19 oral antiviral medications, Pfizer's Paxlovid or Merck's Molnupiravir, with a prescription from their healthcare provider. “Rite Aid continues to be a vital resource for our communities as we help customers navigate the COVID pandemic, and we are proud to now have these medications widely available across our footprint,” s

COVID-19 Oral Antiviral Medications Now Available at Most Rite Aid Locations

There's a lot going wrong, and not much going right.

3 Red Flags for Rite Aid's Future

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Rite Aid said Thursday it had rejected a proposal from Spear Point Capital Management to acquire all of its shares.

Rite Aid confirms Post report it rejected Spear Point's $815M buyout offer

After rallying late yesterday on news of a rejected takeover offer, RAD stock is retreating in morning trading today. The post Why Is Rite Aid (RAD) Stock in the Spotlight Today?

Why Is Rite Aid (RAD) Stock in the Spotlight Today?

(Reuters) -Rite Aid Corp said on Thursday it had rejected a proposal from Spear Point Capital Management to acquire all of its shares.

Rite Aid says it rejected Spear Point's buyout offer

Rite Aid Corp. RAD, +10.81% gave further detail on the rejected takeover bid from private-equity firm Spear Point Capital Management, saying that the offer "was not credible and did not warrant further exploration." Spear Point had said it would pay $14.60 for each Rite Aid shares outstanding, according to the New York Post, a a 97.3% premium to Tuesday's closing price of $7.40.

Rite Aid says rejected takeover bid 'was not credible'

PHILADELPHIA--(BUSINESS WIRE)--Rite Aid Corporation (NYSE: RAD) confirmed that it previously rejected a non-binding, off-market proposal from Spear Point Capital Management (“Spear Point”) to acquire all of the outstanding shares of the Company's common stock. The Company and its Board of Directors reviewed the proposal with the assistance of its financial and legal advisors, and the Board concluded that the proposal was not credible and did not warrant further exploration. In making its determ

Rite Aid Corporation Confirms Prior Rejection of Non-Binding, Off-Market Proposal from Spear Point Capital Management

Rite Aid Corp (NYSE: RAD) shares closed Wednesday's regular session up more than 11% following a report suggesting the company rejected an $815 million takeover bid earlier this month. According to a New York Post report, citing Spear Point Capital Management co-founder Ron.

News for Rite Aid Stock (RAD)