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)--Rite Aid Corporation (NYSE: RAD) (“Rite Aid” or the “Company”) today announced that its Board of Directors has appointed Jeffrey S. Stein as Chief Executive Officer (CEO), Chief Restructuring Officer (CRO) and a member of the Board of Directors, effective immediately. Mr. Stein succeeds Elizabeth (“Busy”) Burr, who has served as Interim CEO of Rite Aid since January 2023. Ms. Burr will continue to serve on the Company's Board. Mr. Stein brings more than three deca.

Rite Aid Corporation Appoints Jeffrey S. Stein Chief Executive Officer

PHILADELPHIA--(BUSINESS WIRE)--Rite Aid Corporation (NYSE: RAD) (“Rite Aid” or the “Company”) today announced it has reached an agreement in principle with certain of its senior secured noteholders on the terms of a financial restructuring plan that will allow the Company to accelerate its ongoing business transformation. Implementing the contemplated restructuring plan will significantly reduce the Company's debt, increase its financial flexibility and enable it to execute on key initiatives.

Rite Aid Takes Steps to Accelerate Transformation and Position Company for Long-Term Success

Drugstore chain Rite Aid Corp. has filed for bankruptcy, the Wall Street Journal reported Sunday night.

Rite Aid files for bankruptcy, will close more stores: report

The drugstore chain faces thousands of lawsuits over opioid crisis and struggled for years with failed mergers.

Rite Aid Files for Bankruptcy, Undone by Years of Losses

Rite Aid Corp filed for Chapter 11 bankruptcy on Sunday, as it comes under pressure from lawsuits alleging that the drugstore chain helped fuel the opioid crisis in the United States.

Drug retailer Rite Aid files for bankruptcy protection

PHILADELPHIA--(BUSINESS WIRE)--Please replace the release dated October 10, 2023, with the following corrected version due to multiple revisions. The updated release reads: CREEP IT SIMPLE: RITE AID RELEASES DIY HALLOWEEN COSTUME RECIPE CARDS Beat the Halloween Hurries by Turning Drug Store Finds Into Unforgettable Ensembles Each year, Halloween has a way of creeping up, bringing along the annual fear of finding the perfect costume. This season, Rite Aid (NYSE: RAD) is taking away that stress w.

CORRECTING and REPLACING Creep It Simple: Rite Aid Releases DIY Halloween Costume Recipe Cards

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PHILADELPHIA--(BUSINESS WIRE)--Each year, Halloween has a way of creeping up, bringing along the annual fear of finding the perfect costume. This season, Rite Aid (NYSE: RAD) is taking away that stress with their Costume Recipe Cards – easy solutions to ensure consumers shine on the spookiest night of the year. The neighborhood drug store chain is more than just a popular destination for Halloween candy and décor. Rite Aid's aisles possess all the essentials needed to craft imaginative costumes.

Creep It Simple: Rite Aid Releases DIY Halloween Costume Recipe Cards

PHILADELPHIA--(BUSINESS WIRE)--Fall's arrival brings both the bustling return to routine and the unwelcome beginning of respiratory illness season, but getting vaccinated can be a seamless family affair. Rite Aid (NYSE: RAD) will offer a Family Immunization Day at select stores providing families a convenient opportunity to walk in and get the vaccinations they need to protect themselves against the flu, COVID-19, RSV, and other viruses. Rite Aid's upcoming Family Immunization Day offers famili.

Rite Aid Helps Families Prep for Fall the Rite Way with Family Immunization Day

Rite Aid disclosed it was no longer in compliance with New York Stock Exchange ‘continued listing standards” and needs to take measures to boost its share price to regain good standing.

Embattled Rite Aid Faces Delisting From NYSE

Shares of Rite Aid Corp. fell 2% after hours on Wednesday after the drugstore chain said the New York Stock Exchange notified the company that it is “no longer in compliance” with the exchange's minimum pricing and valuation standards, following a steep drop for the stock so far this year. The company said that it received the notice on Sept.

Rite Aid gets listing warning from NYSE

PHILADELPHIA--(BUSINESS WIRE)--Rite Aid Corporation (NYSE: RAD) (the “Company”) announced today that the New York Stock Exchange (the “NYSE”) informed the Company that it is no longer in compliance with NYSE continued listing standards set forth in Section 802.01B (the Minimum Market Capitalization Standard), and Section 802.01C (the Minimum Stock Price Standard) of the NYSE's Listed Company Manual. Under the NYSE rules, the Company is provided with certain cure periods and the Company's common.

Rite Aid Announces Receipt of Notice of Non-Compliance with NYSE Continued Listing Standards

PHILADELPHIA--(BUSINESS WIRE)--Rite Aid (NYSE: RAD) today announces the arrival of Ello Market™ to its shelves – the national drug store chain's new exclusive collection of quality snacks and indulgent treats to satisfy cravings as well as pantry staples to transform your meals. With Ello Market™, consumers can feel good about their choices thanks to wholesome, delicious options that pack a flavorful punch to fuel mind and body. Ranging from familiar flavors to adventurous tastes, Ello Market™.

Rite Aid Invites Customers to ‘Live flavorably!™' with Launch of Ello Market

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All three of the nation's leading drugstore chains have different reasons for closing stores, but the downsizing prescription is the same.

Drugstore Downsizing: CVS, Walgreens And Rite Aid To Close Nearly 1,500 Stores

Rite Aid (NYSE: RAD ) stock is taking a beating on Monday after bankruptcy reports claimed the pharmacy chain is closing hundreds of stores. According to these reports, Rite Aid is preparing to close between 400 and 500 of its locations.

RAD Stock Alert: Rite Aid Preps to Close Hundreds of Stores

Reports about the drug store chain's potential bankruptcy filing began circulating late last month, though the company has yet to confirm the move.

Rite Aid Proposes Closing About A Quarter Of Its Stores In Bankruptcy, Report Says

Rite Aid faces more than $3.3 billion in debt and over a thousand federal lawsuits alleging it oversupplied opioids, the Journal reported.

Struggling Rite Aid proposes to close up to 500 stores under bankruptcy plan: report

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PHILADELPHIA--(BUSINESS WIRE)--Rite Aid (NYSE: RAD) announced today that NARCAN® Nasal Spray, a medication used to reverse the effects of an opioid overdose, is available at all locations nationwide, including Bartell Drugs in the Pacific Northwest. NARCAN® Nasal Spray can be purchased over the counter without a prescription. NARCAN® Nasal Spray (naloxone HCl 4 mg) is a medication designed to rapidly reverse the effects of a life-threatening opioid emergency and is the standard treatment for op.

Rite Aid Announces Availability of OTC NARCAN® Nasal Spray at All Locations

Rite Aid (RAD) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.

Rite Aid (RAD) Moves to Buy: Rationale Behind the Upgrade

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Shares of Rite Aid were slightly lower Monday after soaring more than 20% higher in morning trading.

Rite Aid stock is experiencing extreme turbulence: Here's why

Rite Aid (NYSE :RAD ) stock is advancing 2% in morning trading as of this writing. This comes after RAD stock plunged some 50% on Friday.

News for Rite Aid Stock (RAD)