RAD - Rite Aid EPS beats by $0.68 misses on revenue; raises adjusted EBITDA view for 2022

Rite Aid (NYSE:RAD): Q3 Non-GAAP EPS of $0.15 beats by $0.68; GAAP EPS of -$0.67 misses by $0.14. Revenue of $6.23B (+1.8% Y/Y) misses by $50M. Adjusted EBITDA from Continuing Operations Increased 12.7% to $154.8 Million, Compared to the Prior Year Third Quarter Adjusted EBITDA of $137.4 Million. Press Release FY2022 guidance: Revenues to be between $24.4B-$24.7B vs. consensus of $24.98B, adjusted EBITDA of $500M-520M (prior: $460M to $500M); adjusted EPS in the range of -$0.49 to -$0.04 vs. consensus of -3.40.

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Rite Aid EPS beats by $0.68, misses on revenue; raises adjusted EBITDA view for 2022