RAD News and Press, Rite Aid Corporation From 07/06/23

2023-07-06 02:45:00 ET Stock Traders Daily has produced this trading report using a proprietary method.  This methodology seeks to optimize the entry and exit levels to maximize results and limit risk, and it is also applied to Index options, ETFs, and futures for our subscribers. This...

2023-06-29 10:46:05 ET Rite Aid Corporation (RAC) Q1 2024 Earnings Call Transcript June 29, 2023 08:30 AM ET Company Participants Byron Purcell - Vice President, Investor Relations and Treasurer Elizabeth "Busy" Burr - Interim Chief Executive Officer Matt Schroed...

2023-06-29 07:02:17 ET Rite Aid press release ( NYSE: RAD ): Q1 Non-GAAP EPS of -$0.73 beats by $0.84 . Net Loss of $306.7 Million Compared to Prior Year Net Loss of $110.2 Million – Increase Largely Attributable to a Goodwill Impairment Charge at Elix...

Revenues of $5.7 Billion, Compared to Prior Year Revenues of $6.0 Billion Retail Comparable Same Store Prescriptions Increased 4.7 Percent – Comparable Same Store Prescriptions, Excluding COVID Impact, Increased 7.4 Percent Net Loss of $306.7 Million Compared to Prior Year ...

2023-06-28 14:03:02 ET Rite Aid ( NYSE: RAD ) is scheduled to announce Q1 earnings results on Thursday, June 29th, before market open. The consensus EPS Estimate is -$1.57 (-161.7% Y/Y) and the consensus Revenue Estimate is $5.23B (-13.0% Y/Y). Over the last 2 years, R...

2023-06-27 13:02:23 ET Summary Bears remain resolute in their strong bet against Rite Aid. Weak outlook from Walgreens hurt RAD stock ahead of the Q1 2024 report. Debt leverage and cost run rate remain a concern. Walgreens Boots Alliance ( WBA ) lost 10% when the...

2023-06-27 11:08:17 ET Rite Aid ( NYSE: RAD ) is down 11% in Tuesday morning trading, an apparent casualty of Walgreen Boots Alliance ( WBA ) announcement earlier in the day it is cutting its 2023 financial guidance. Walgreens ( WBA ) lowered its adjusted earning...

2023-06-27 08:01:55 ET Walgreens Boots Alliance ( NASDAQ: WBA ) fell ~7% pre-market Tuesday after the pharmacy chain failed to meet earnings expectations for Q3 FY23 and trimmed its outlook, citing macro factors and a weaker demand for COVID-19 vaccine and tests. Walgreens&...

2023-06-26 11:33:46 ET Rite Aid ( NYSE: RAD ) fell 6.3% amid a report that a group of secured bondholders is working with advisers ahead of possible talks with the drugstore chain to rework its debt. Some investors are evaluating plans to provide cash to Rite Aid ( RAD )...

2023-06-23 15:22:26 ET As the end of the second quarter draws near, a range of notable companies are set to release their earnings reports next week. Leading the pack is Nike ( NYSE: NKE ), the footwear and sports apparel giant. Elsewhere, chip makers Micron Technology ( NASDA...