RAD News and Press, Rite Aid Corporation From 09/29/22

InvestorPlace - Stock Market News, Stock Advice & Trading Tips Source: Roman Tiraspolsky / Shutterstock.com Retail stocks are weathering a storm on Thursday that has many of them sinking below the waves. This comes as Hurricane Ian rolls through Florida, leaving devastation in ...

Rite Aid Corporation (RAD) Q2 2023 Earnings Conference Call September 29, 2022 08:30 A.M. ET Company Participants Byron Purcell - VP, IR & Treasurer Heyward Donigan - President & CEO Matt Schroeder - EVP & CFO Andre Persaud - EVP & CRO Chr...

Rite Aid Corporation ( NYSE: RAD ) tanked nearly 30% on Thursday after the drugstore chain reported bigger than expected loss for its fiscal second quarter and lowered guidance for the full year. Rite Aid Q2 earnings snapshot Lost $331.3 million versus the year-ago figure of $...

InvestorPlace - Stock Market News, Stock Advice & Trading Tips Source: Michael Gordon / Shutterstock.com Rite Aid (NYSE: RAD ) stock is falling on Thursday after the pharmacy company updated its guidance for the fiscal full year of 2023. That new guidance starts with th...

Rite Aid Corporation ( NYSE: RAD ) slipped ~13% pre-market Thursday after the pharmacy retailer reported a decline in Q2 FY23 revenue and slashed the full-year outlook for EBITDA, citing cautious consumer demand and supply chain issues. Revenue for the quarter droppe...

Rite Aid press release ( NYSE: RAD ): Q2 Non-GAAP EPS of -$0.63 misses by $0.17 . Revenue of $5.9B (-3.4% Y/Y) beats by $40M . FY2023 Outlook: Total revenues outlook reaffirmed between $23.6B and $24B vs. consensus of $23.75B; Retail Pharmacy Segment reven...

Retail Comparable Store Prescriptions Increased 3.1 Percent – Comparable Store Acute Prescriptions, Excluding COVID Immunizations, Increased 5.3 Percent Revenues of $5.9 billion, Compared to Prior Year Revenues of $6.1 billion Net Loss per Share of $6....

Rite Aid ( NYSE: RAD ) is scheduled to announce FQ2 earnings results on Thursday, September 29th, before market open. The consensus EPS Estimate is -$0.46 (-12.2% Y/Y) and the consensus Revenue Estimate is $5.86B (-4.1% Y/Y). Over the last 2 years, RAD has beaten EPS...

Summary We are initiating coverage on Rite Aid and are recommending a "HOLD". The company's financial performance has been poor in recent years, and we believe this will continue based on the competition and the weakening economy. The company has a valuation multiple well belo...

Bixler to replace Senior Vice President and Chief Accounting Officer Brian Hoover who is retiring on Jan. 13, 2023 Rite Aid (NYSE: RAD) today announced that Steve Bixler, vice president of financial accounting, will become the new chief accounting officer effective Jan. ...