RAD(Delisted)
Rite AidยทNYSE
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About RAD
Rite Aid Corporation
A full-service pharmacy that operates 2,500+ stores in 17 states, offering prescription drus, convenience products and cosmetics
PO Box 3165, Harrisburg, Pennsylvania 17105
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Rite Aid Corporation is the third largest retail pharmacy company in the United States in terms of total revenue and number of stores operated. As of February 28, 2015, the company has opened 4,570 retail pharmacies in 31 states and the District of Columbia. The company's retail pharmacies sell prescription drugs and a variety of other products. The Company believes that the pharmaceutical business will continue to account for a significant portion of its business due to favorable market trends, including increased longevity; expected growth in Federated Hermes in the Medicare Part IV prescription program, which was started by the "baby boomers"; and due to the Patient Protection and Payable Act, With the expansion of health insurance coverage for Americans without health insurance; and the discovery of new and better drug therapies, Lai De Ai was incorporated in Delaware in 1968.
Company Financials
EPS
RAD has released its 2024 Q1 earnings. EPS was reported at -0.73, versus the expected -1.46, beating expectations. The chart below visualizes how RAD has performed over recent quarters, highlighting trends in earnings surprises.
Revenue & Expenses
RAD has released its 2024 Q2 earnings report, with revenue of 5.65B, reflecting a YoY change of -4.32%, and net profit of -1.02B, showing a YoY change of -207.90%. The Sankey diagram below clearly presents RAD's revenue sources and cost distribution.
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