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.

Rite Aid's (RAD) new restructuring plan is likely to reduce debt, strengthen liquidity, accelerate store footprint optimization plan and divest Elixir Solutions to MedImpact.

Rite Aid (RAD) Expedites Transformation on Restructuring Plan

Rite Aid Corp.'s stock tumbled 55% Tuesday, falling to 30 cents, after resuming trade following a halt on Monday. The stock was halted after the company filed for bankruptcy amid mounting piles of debt-related to opioid lawsuits.

Rite Aid's stock tumbles 55% to join its cratering bonds after bankruptcy filing

Rite Aid Corp

PHILADELPHIA--(BUSINESS WIRE)--Rite Aid Corporation (OTC: RADCQ) (“Rite Aid” or the “Company”) today announced that it has received approvals from the U.S. Bankruptcy Court for the District of New Jersey for its “First Day” motions related to the Company's voluntary Chapter 11 petitions filed on October 15, 2023. The Court granted interim approval to access up to $3.45 billion in debtor-in-possession financing from certain of its lenders. This financing is expected to provide sufficient liquidi.

Rite Aid Receives Court Approval of "First Day" Motions to Support Business Operations

The company has come under increased pressure for their high levels of debt, as well as ongoing litigation stemming from the opioid epidemic

Rite Aid Is Filing For Bankruptcy: Here's What's Happened

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NEW YORK--(BUSINESS WIRE)--The New York Stock Exchange LLC (“NYSE” or “Exchange”) announced today that the staff of NYSE Regulation has determined to commence proceedings to delist the common stock of Rite Aid Corporation (the “Company”) — ticker symbol RAD — from the NYSE. Trading in the Company's common stock will be suspended immediately. NYSE Regulation reached its decision that the Company's common stock is no longer suitable for listing pursuant to Listed Company Manual Section 802.01D af.

NYSE to Commence Delisting Proceedings Against Rite Aid Corporation (RAD)

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With drugstore chain Rite Aid filing bankruptcy, the already long list of busts adds a fairly high-profile name.

Rite Aid Bankruptcy Shows Defaults Going From Bad to Worse

Bonds issued by troubled drugstore chain Rite Aid Corp. sold off on Monday, after the company filed for bankruptcy, facing billions of dollars of debt related to opioid lawsuits.

Rite Aid's bonds sell off after bankruptcy filing as stock is halted

Drugstore chain Rite Aid is the latest U.S. company to seek bankruptcy protection following pressure from lawsuits alleging that they helped fuel the opioid crisis.

Rite Aid joins companies going bankrupt amid opioid litigation

Drugstore company Rite Aid (RAD) filed for bankruptcy, facing slowing sales and opioid litigation. The company will also close underperforming stores according to a turnaround plan agreed upon by its key creditors.

Rite Aid Files For Bankruptcy, Will Close Underperforming Stores

Rite Aid Corp (NYSE:RAD) stock is down 5.6% to trade at $0.61 at last check, after the pharmacy concern filed for Chapter 11 bankruptcy protection this weekend, amid slowing sales, increasing debt, and opioid-related lawsuits.

Rite Aid Stock Sinks After Chapter 11 Bankruptcy Filing

Rite Aid (NYSE: RAD ) stock is on the move Monday after the pharmacy chain filed for Chapter 11 bankruptcy protection in New Jersey. The bankruptcy filing from the company comes as it plans to use the period to undergo a restructuring.

RAD Stock Sinks as Rite Aid Files for Ch. 11 Bankruptcy

Rite Aid (NYSE: RAD ) filed for bankruptcy, leading to speculation that RAD stock could become a “meme stock” like Yellow or Bed Bath & Beyond. YELL and BBBY (and subsequent OTC traded YELLQ and BBBYQ, respectively) saw brief short squeezes after they filed for bankruptcy earlier this year.

RAD Stock: Is Rite Aid About to Become the Next Meme Stock?

When rumors started to fly regarding Walgreens' purchase of Rite Aid Corp. (NYSE: RAD) in the summer of 2015, Rite Aid's stock soared to an all-time high of almost $190.

Opioid Lawsuits, Debt Finally Sink Rite Aid

Retailer with more than 2,000 stores in 17 states was hit by lawsuits alleging pharmacies contributed to oversupply of opioids

US drug chain Rite Aid files for bankruptcy amid rising debt and opioid lawsuits

Store closures, walkouts, lawsuits, and now a major bankruptcy. It's been a rough year for chain pharmacies.

Rite Aid bankruptcy is yet another sign that the big chain pharmacy model is broken

Major U.S. pharmacy chain Rite Aid says it has obtained $3.45 billion in fresh financing as it carries out a restructuring plan.

Pharmacy Chain Rite Aid Files For Bankruptcy Amid Fallout From Opioid-Related Lawsuits

McKesson

McKesson Corp. MCK, +0.73% disclosed Monday that it doesn't expect drugstore chain Rite Aid Corp.'s RAD, -16.81% bankruptcy announced over the weekend to have a material impact on its adjusted earnings outlook for fiscal 2024. The health care supply and retail pharmacy company added that Rite Aid's bankruptcy isn't expected to have a material impact on its liquidity position or operations.

McKesson doesn't expect Rite Aid's bankruptcy to have much affect on profit outlook, liquidity

Drugstore chain Rite Aid filed for bankruptcy late Sunday, said it will close more of its stores and named a new CEO as part of a restructuring.

Rite Aid Files for Bankruptcy. It's All About Opioid Lawsuits.

US pharmacy chain Rite Aid (NYSE:RAD) filed for Chapter 11 bankruptcy over the weekend to add to the growing corporate casualty list stemming from the opioid dependency crisis. In a statement, Rite Aid said it has agreed to a restructuring with creditors plus US$3.45 billion of new loans to implement its plans.

US pharmacy chain Rite Aid files for Chapter 11

The pharmacy retail giant has been struggling with a slump in sales and a growing number of lawsuits for its alleged role in fanning the opioid crisis.

Rite Aid Files For Chapter 11 Bankruptcy

Rite Aid filed for Chapter 11 bankruptcy and appointed Jeffrey Stein as its new CEO and CRO as part of a major financial restructuring effort.

Rite Aid files for bankruptcy, appoints new leadership in financial restructuring initiative

Rite Aid filed for Chapter 11 bankruptcy protection Sunday with plans to close more "underperforming stores."

Rite Aid Files For Bankruptcy With More ‘Underperforming Stores' To Close

Drugstore chain Rite Aid filed for bankruptcy as it faces a mounting debt pile, slowing sales and lawsuits alleging it oversupplied painkillers.

News for Rite Aid Stock (RAD)