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.

PHILADELPHIA--(BUSINESS WIRE)--On November 2, 2021, the Centers for Disease Control and Prevention (CDC) concurred with previous recommendations made by the Food and Drug Administration (FDA) and the Advisory Committee on Immunization Practices (ACIP), officially authorizing the emergency use of the Pfizer-BioNTech COVID-19 Vaccine for the prevention of COVID-19 to include children 5 through 11 years of age. The Pfizer-BioNTech COVID-19 Vaccine for children 5 through 11 years of age is administ

Rite Aid Statement on CDC Recommendation Regarding COVID-19 Vaccine for Children Ages 5-11

CAMP HILL, Pa.--(BUSINESS WIRE)--Rite Aid Corporation (NYSE: RAD) announced today that Heyward Donigan, president and chief executive officer; Jim Peters, chief operating officer and Matt Schroeder, executive vice president and chief financial officer will participate in a fireside chat with investors at the 30th Annual Credit Suisse Healthcare Conference on Wednesday, Nov. 10th at approximately 9:40 a.m. ET. The conference is a virtual event. The appearance will be broadcast via the Internet a

Rite Aid to Present at the 30th Annual Credit Suisse Healthcare Conference

Uber

Customers can now get health items from Rite Aid through Uber Eats, though not prescriptions.

Rite Aid joins with Uber Eats to expand on-demand delivery

PHILADELPHIA--(BUSINESS WIRE)--Today the Centers for Disease Control and Prevention (CDC) concurred with previous recommendations made by the Food and Drug Administration (FDA) and the Advisory Committee on Immunization Practices (ACIP), officially recommending “booster” doses of the Pfizer-BioNTech COVID-19 vaccine for certain eligible populations at least 6 months after the second dose of the Pfizer-BioNTech COVID-19 vaccine. As a proud partner in the Federal Retail Pharmacy Program, Rite Aid

Rite Aid Statement on CDC Recommendation Regarding COVID-19 Vaccine “Boosters”

Rite Aid on Friday (Sept. 24) broadened its partnership with Uber Technologies, Inc., and is now offering delivery of healthcare items, groceries and Rite Aid products through the Uber Eats platform from 2,185 Rite Aid locations across the U.S. in 17 states.

Rite Aid On-Demand Delivery Goes National with Uber Eats

SEATTLE, Sept. 24, 2021 /PRNewswire/ -- Today, Bartell Drugs (Bartell's) announced a new partnership with Uber Technologies, Inc. (NYSE: UBER) to offer delivery of Bartell's products in the Puget Sound region through Uber Eats.

Bartell Drugs Announces Partnership With Uber To Expand On-demand Delivery Throughout Western Washington

Despite high costs, Rite Aid's (RAD) fiscal second-quarter results have been aided by increased demand as well as strength in Elixir and the Retail Pharmacy unit.

Rite Aid (RAD) Q2 Loss Narrower Than Expected, Revenues Miss

PHILADELPHIA--(BUSINESS WIRE)--Today, Rite Aid (NYSE: RAD) announced the expansion of their partnership with Uber Technologies, Inc. (NYSE: UBER) to offer delivery of Rite Aid products nationwide through Uber Eats. This partnership will allow customers to conveniently order and receive essential healthcare and grocery items directly to their homes. On-demand delivery is now available for 2,185 Rite Aid locations across 17 states on Uber Eats. Customers who wish to order Rite Aid items for deliv

Rite Aid Partners With Uber Eats to Expand On-Demand Delivery Nationwide

Rite Aid Corporation (RAD) CEO Heyward Donigan on Q2 2022 Results - Earnings Call Transcript

Investors reacted negatively to the company's Q2 update.

Why Rite Aid Stock Is Sinking Today

Rite Aid is pointing to pharmaceuticals and its pharmacists as the key to growing and transforming its business, though bigger competitors whose strategies are more developed may put some speed bumps along that road. CEO Heyward Donigan, who just celebrated two years with the company, told analysts and investors on a conference call that Rite […]

Rite Aid Touts Importance of Pharmacists in Business Growth

Rite Aid Corporation (NYSE: RAD) has reported Q2 FY22 adjusted net loss of ($0.41) per share, compared to an income of $0.25 a year ago, but beating the consensus of $(0.48). Earnings: Revenues increased 2.2% Y/Y to $6.11 billion, missing the estimate of $6.21 billion.

Rite Aid Shares Crumble After Expecting Wider Annual Net Loss For Fiscal 2022

Rite Aid (RAD) delivered earnings and revenue surprises of 2.38% and -2.13%, respectively, for the quarter ended August 2021. Do the numbers hold clues to what lies ahead for the stock?

Rite Aid (RAD) Reports Q2 Loss, Misses Revenue Estimates

Shares of Rite Aid Corp. RAD, +1.06% edged up 0.7% in premarket trading Thursday, after the drugstore chain reported a narrower-than-expected fiscal second-quarter loss, citing "strong execution" of COVID-19 vaccine administration, even as revenue came up short and the full-year loss outlook was widened. The net loss for the quarter to Aug. 28 widened to $100.3 million, or $1.86 a share, from $13.2 million, or 25 cents a share, in the year-ago period, citing higher litigation settlements, higher loss on sale of assets and a loss on debt modifications.

Rite Aid reports narrower-than-expected loss, but revenue misses and full-year loss outlook widens

CAMP HILL, Pa.--(BUSINESS WIRE)--Rite Aid Corporation (NYSE: RAD) today reported operating results for its second fiscal quarter ended August 28, 2021. For the second quarter, the company reported net loss from continuing operations of $100.3 million, or $1.86 loss per share, Adjusted net loss from continuing operations of $22.0 million, or $0.41 loss per share, and Adjusted EBITDA from continuing operations of $106.2 million, or 1.7 percent of revenues. “We are pleased with our second quarter

Rite Aid Corporation Reports Fiscal 2022 Second Quarter Results and Raises Full Year Adjusted EBITDA Guidance

BlackBerry

The first earnings reports we have covered for this week are coming after Tuesday's closing bell and before Wednesday's open: Adobe, FedEx, General Mills and Stitch Fix.

Earnings Previews: BlackBerry, Rite Aid

Rite Aid (RAD) is likely to have gained from PBM, RxEvolution strategy and expanded omnichannel services in Q2. Rising wage costs and drab front-end same-store sales are likely to have been concerns.

Rite Aid (RAD) to Report Q2 Earnings: What Should You Know?

Adobe

AutoZone

Costco

General Mills

NIKE

Stitch Fix

Wall Street can expect a busy start to the latter part of September as this week is packed full of economic data.

Today's Stock Market News & Events: 9/20/2021

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) Q2 Earnings Expected to Decline

Clear Secure

CAMP HILL, Pa.--(BUSINESS WIRE)--Rite Aid (NYSE: RAD) today announced a partnership with CLEAR (NYSE: YOU), the secure identity company, to offer Rite Aid customers the ability to access and share their proof of COVID-19 vaccination with CLEAR's digital vaccine card and Health Pass. Customers vaccinated at any Rite Aid location can supplement their paper vaccination card with a verified digital version accessible on their mobile device. The secure digital vaccine card can be linked to CLEAR's H

Rite Aid Partners With CLEAR to Offer Digital Vaccine Card

Rite Aid is moving its headquarters to Philadelphia in what it calls a site “designed specifically for in-person collaboration and company gatherings, rather than office spaces.” The new “enterprise headquarters” will be located in the former Navy Yard in south Philadelphia, offering a space for teams across Rite Aid's various businesses — including Rite Aid.

Rite Aid moving HQ to Philadelphia amid push for ‘collaborative' spaces

PHILADELPHIA--(BUSINESS WIRE)--Today, Rite Aid (NYSE: RAD) unveiled its corporate workplace of the future – a remote-first work approach for corporate associates, supported by a network of collaboration centers throughout the company's geographic footprint. The reimagined workplace model focuses on flexibility for associates, while also creating an official headquarters space in Philadelphia designed specifically for in-person collaboration and company gatherings, rather than office spaces. Rit

Rite Aid Brings Together Corporate Workforce Through Remote-First Collaboration

CAMP HILL, Pa.--(BUSINESS WIRE)--Elixir, a wholly owned subsidiary of Rite Aid (NYSE: RAD) that provides pharmacy benefits and services, today announced that veteran healthcare and pharmacy executive Lance Neill has joined the company as chief operating officer. Neill was most recently vice president of network development and contracting for Centene's portfolio of managed care products, representing $32 billion in annual pharmacy spend. Prior to that, he served in multiple senior leadership ro

Lance Neill Joins Elixir as New Chief Operating Officer

CAMP HILL, Pa.--(BUSINESS WIRE)--Rite Aid Corporation (NYSE:RAD) said today that it will release financial results for its Fiscal 2022 Second Quarter, which ended Aug. 28, 2021, on Thursday, Sept. 23, 2021. 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, Sept. 23, 2021 an

Rite Aid to Release Second Quarter Results on September 23

OPKO Health

CAMP HILL, Pa.--(BUSINESS WIRE)--Rite Aid (NYSE: RAD) and the U.S. Department of Health and Human Services (HHS), together with BioReference Laboratories, Inc., an OPKO Health company (NASDAQ:OPK), announced a ‘Back to School' COVID-19 testing program offering students at New York State public schools the opportunity for free COVID-19 testing prior to or at the start of the 2021-2022 school year. Students will be tested using highly accurate RT-PCR laboratory-based COVID-19 tests. To participat

Rite Aid, in Partnership with the U.S. Department of Health and Human Services, BioReference Laboratories and New York State, Announces ‘Back to School' COVID-19 Testing Program

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