by Mike Duff | Oct 16, 2023 | Featured News, Retail Articles
After weeks of speculation about its go-forward strategy, Rite Aid Corp. has announced that it has filed for Chapter 11 bankruptcy protection to accelerate its ongoing business transformation. This comes amid pressure exerted by lower COVID-19-related sales and opioid...
by Mike Duff | Jun 29, 2023 | Retail Articles
In the first quarter, Rite Aid made strides, posting revenues that exceeded analyst expectations and a lower adjusted loss that also came in better than Wall Street anticipated. First quarter net loss was $306.7 million, or $5.56 per diluted share, compared to a net...
by Mike Duff | Sep 30, 2022 | Retail Articles
The second quarter saw Rite Aid losses increase and sales come up short of last year’s period, although a bit ahead of Wall Street projections. For the quarter, the company reported a net loss of $331.3 million, or $6.07 per diluted share, versus a net loss of $100.3...
