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.

CAMP HILL, Pa.--(BUSINESS WIRE)--Rite Aid (NYSE: RAD) today published its third annual corporate sustainability report, detailing the company's enhanced Environmental, Social and Governance (ESG) strategy. The report introduces four key pillars underpinning Rite Aid's sustainability efforts: building a thriving planet, thriving business, thriving workplace and thriving community. “As a healthcare organization that aspires to support the whole health of its communities, we understand the critica

Rite Aid Releases Third Annual Corporate Sustainability Report

CAMP HILL, Pa.--(BUSINESS WIRE)--Rite Aid Corporation (NYSE: RAD) today reported operating results for its first fiscal quarter ended May 29, 2021. For the first quarter, the company reported net loss from continuing operations of $13.1 million, or $0.24 loss per share, Adjusted net income from continuing operations of $20.9 million, or $0.38 income per share, and Adjusted EBITDA from continuing operations of $138.9 million, or 2.3 percent of revenues. “We are pleased with our first quarter res

Rite Aid Corporation Reports Fiscal 2022 First Quarter Results

Rite Aid stock fell sharply after last quarter's results. Heavy debt an ongoing concern.Investor interest in bricks-and-mortar retail drug stores may rise.

Buy Rite Aid And Bet On Revenues Rebounding

Strength in PBM and Elixir and expanded omnichannel services are likely to have aided Rite Aid (RAD) in Q1. However, rising pandemic costs and low testing demand are likely to have been worrisome.

Factors Likely to Influence Rite Aid's (RAD) Q1 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.

Rite Aid (RAD) Reports Next Week: Wall Street Expects Earnings Growth

CAMP HILL, Pa.--(BUSINESS WIRE)--Rite Aid (NYSE: RAD) today announced that Andre Persaud has been named chief retail officer. Persaud was appointed executive vice president, retail for Rite Aid in February 2020 and assumed responsibility for orchestrating new in-store experiences and retail operations processes in line with the company's RxEvolution strategy. “Andre has not only proven an effective leader for our retail organization, but also provides a strategic and steady leadership voice in

Rite Aid Promotes Andre Persaud to Chief Retail Officer

CAMP HILL, Pa.--(BUSINESS WIRE)--Rite Aid Corporation (NYSE: RAD) said today that it will release financial results for its Fiscal 2022 First Quarter, which ended May 29, 2021, on Thursday, June 24, 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, June 24, 2021 and e

Rite Aid to Release First Quarter Results on June 24

CAMP HILL, Pa.--(BUSINESS WIRE)--Rite Aid (NYSE: RAD) is proud to support the White House and the National Month of Action by extending vaccination hours at select locations in June to make it easier to get vaccinated against COVID-19 and advance equity. This initiative to improve vaccine access and equity, is in accordance with the federal government's nationwide effort to get 70% of U.S. adults at least one shot by July 4, 2021. Rite Aid will launch ‘Night Shots' Friday, June 11, and extend v

Rite Aid Extends Vaccinating Hours Every Friday in June to Increase COVID-19 Vaccine Accessibility

Drugstore chain Rite Aid Corporation (NYSE:RAD) is the largest chain on the East Coast and the third largest in the U.S. The stock is up 32.2% in 2021, with its 320-day moving average serving as a stable floor since April.

Rite Aid Stock Keeps Churning in a Tight Channel

CVS Health

Walgreens

CVS (NYSE: CVS), Walgreens (NASDAQ: WBA) and Rite Aid (NYSE: RAD) shares lost ground Wednesday after a Business Insider report that Amazon (NASDAQ: AMZN) is considering entering the physical pharmacy retail space. The story's three unnamed sources, who were not authorized to speak to the press, said there is no concrete plan, but rather exploratory discussions are taking place.

CVS, Walgreens, Rite Aid Shares Fall On Report Of Potential Amazon Entry Into Retail Pharmacy

AmerisourceBergen

Cardinal Health

McKesson

Shares of drug retailers including Walgreens Boots Alliance  and CVS dropped on Wednesday, as Amazon was reported to be looking at options to set up physical pharmacy locations in the US.  Talks at Amazon about setting up standalone pharmacies are mostly exploratory and there are no firm plans to open physical locations, three people familiar with the matter told Insider.  Such a move would be part of a plan by the online retail behemoth to earn a larger share of the country's $370 billion prescription drug market.

Pharmacy stocks tumble on report Amazon is weighing a push into physical pharmacies (AMZN, CVS, RAD, WAG, CAH, MCK, ABC)

CAMP HILL, Pa.--(BUSINESS WIRE)--Rite Aid (NYSE: RAD) today announced it is administering COVID-19 vaccines to anyone 12 or older at all locations offering the Pfizer vaccine, following the latest guidance from the Centers for Disease Control and Prevention (CDC). Guardians for individuals under 18 can now schedule appointments using the Rite Aid scheduling tool found at www.RiteAid.com/covid-19. Those ages 12 through 17 are only authorized to be vaccinated with the Pfizer vaccine, per CDC guid

COVID-19 Vaccine Age Eligibility Expands at All Rite Aid Locations

COVID-19 Vaccine Age Eligibilty Expands at All Rite Aid Locations

DoorDash

Delivery platform Instacart is teaming up with convenience pharmaceutical company Rite Aid for delivery of everyday needs in as little as two hours, according to a Tuesday (May 11) press release. “Amidst the pandemic, we accelerated our momentum into new categories to address consumers' heightened needs for access to everyday health and wellness essentials,” said Fuad […]

DoorDash Partners With Rite Aid For Same-Day Delivery

Rite Aid (NYSE: RAD)has joined the race for same-day delivery dominance, striking a deal with DoorDash (NYSE: DASH) to provide delivery of nonprescription health, convenience and wellness products. The items can be ordered through the DoorDash app or website for delivery from one of Rite Aid's more than 2,100 locations in 17 states.

Rite Aid joins same-day delivery crowd with DoorDash offering

Rite Aid Corp. said Tuesday that it has partnered with DoorDash Inc. to provide delivery service for non-prescription items such as cleaning products, over-the-counter medicines and grocery items. The service will be available at 2,100 Rite Aid locations across 17 states, with more than 24,000 items available via the Rite Aid app.

Rite Aid partners with DoorDash for non-prescription deliveries

SAN FRANCISCO, May 11, 2021 /PRNewswire/ --  DoorDash (NYSE: DASH), the nation's leading last-mile logistics platform, announced today a partnership with Rite Aid to offer same-day delivery of non-prescription health, convenience, and wellness essentials. Consumers can now order products via the DoorDash platform from more than 2,100 Rite Aid locations across 17 states through the DoorDash app or website, with average delivery in less than an hour.

DoorDash and Rite Aid Announce Partnership for On-Demand Delivery of Health and Wellness Essentials

The drugstore chains are also expanding community clinics and signing deals with employers to reach Americans who may be busy or hesitant.

Major drugstore chains offer same-day Covid vaccines as eligibility increases and immunization pace slows

Rite Aid is the latest retailer to expand U.S. availability of Covid-19 vaccines, offering them at all locations.

Rite Aid Expands Covid-19 Vaccine Access To All Drugstore Location

CAMP HILL, Pa.--(BUSINESS WIRE)--Rite Aid (NYSE: RAD) today announced it is now administering the COVID-19 vaccine at all locations, spanning more than 2,500 stores in 17 states. Following the latest guidance from the Biden Administration, all those aged 16 years or older are now eligible for vaccination, and Rite Aid encourages everyone to schedule an appointment as soon as possible. While scheduling appointments in advance is recommended to reduce wait time and guarantee availability of the v

COVID-19 Vaccines Now Available at All Rite Aid Locations

CAMP HILL, Pa.--(BUSINESS WIRE)--Rite Aid Corporation (NYSE: RAD) today announced that it has issued a notice of redemption (the “Redemption”) for all $90,808,000 aggregate principal amount of its outstanding 6.125% Senior Notes Due 2023 (CUSIP No. 767754CH5 and CUSIP No. U76659AW8) (the “Notes”) on May 28, 2021 (the “Redemption Date”). The redemption price for the Notes is equal to 100.00% of the principal amount of the Notes to be redeemed plus accrued and unpaid interest, if any, to but excl

Rite Aid Announces Intent to Redeem all of its Outstanding 6.125% Senior Notes Due 2023

Walgreens said it also took a hit from a lackluster cold and flu season as well

Rite Aid says mask-wearing due to COVID-19 drove down cold- and flu-related sales by 37%

Rite Aid's (RAD) Q4 results gain from RxEvolution strategy, strength in Elixir brand and robust online growth. However, COVID-related costs woes and lesser cases of cough, cold and flu are concerns.

Rite Aid's (RAD) Q4 Loss Narrower Than Expected, Sales Beat

Rite Aid Corporation (RAD) CEO Rite Aid Corporation on Q4 2021 Results - Earnings Call Transcript

The pandemic is a two-sided coin for the pharmacy and drug store category. Consumers needed more preventative health products, but they also took better care of themselves.

News for Rite Aid Stock (RAD)