Early last month, Rite Aid (RAD) announced a partnership with Instacart to streamline delivery of essential pharmacy and health-related items to customers from over 2,400 locations across the United States. Rite Aid posted its quarterly earnings on June 25, and showed beats on both ends driven by front-end strength, but Instacart’s partnership is not likely to be a sole accelerant for Rite Aid, if at all.
Rite Aid’s earnings, although showing significant comp increases as well as earnings and revenue beats, were not too spectacular once breaking down the numbers. Rite Aid saw