Rite Aid has launched a new advertising campaign to assure customers of its commitment to them as it endures a drawn-out Chapter 11 bankruptcy process. The company’s “It Means More” advertising spotlights that commitment, Rite Aid stated, and makes a point...
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...
Rite Aid Corp. has announced that the New York Stock Exchange informed the company that it is no longer in compliance with the organization’s continued listing standards. NYSE stated that Rite Aid has failed to meet its Minimum Market Capitalization Standard and...
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...
Rite Aid narrowed adjusted loss in the fourth quarter but was short of Wall Street expectations even as sales surpassed an analyst estimate. For the quarter, Rite Aid announced that it lost $241.3 million, or $4.39 per diluted share, versus a loss of $389.1 million,...
