Rite Aid Corporation (RAD) Releases Earnings Results, Reports EPS of $0.03 EPS

Rite Aid Corporation (RAD) announced its most recent quarterly financial results on Thursday, Sep-22-2016. RAD reported $0.03 EPS for the quarter. Analysts had a consensus estimate of $0.03. The company posted revenue of $8029.80 million in the period, compared to analysts expectations of $8165.07 million. RAD’s revenue was up 4.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.02 EPS.

Rite Aid Corporation opened for trading at $8 and hit $8.08 on the upside on Tuesday, eventually ending the session at $8.04, with a gain of 0.37% or 0.03 points. The heightened volatility saw the trading volume jump to 60,77,653 shares. Company has a market cap of $8,434 M.

In a different news, on Jun 17, 2016, Douglas E Donley (SVP) sold 34,106 shares at $7.78 per share price. According to the SEC, on Jul 13, 2015, Tony Montini (EVP) sold 353,194 shares at $8.38 per share price. On Apr 17, 2015, Joseph B Jr Anderson (director) sold 150,000 shares at $8.25 per share price, according to the Form-4 filing with the securities and exchange commission.

Rite Aid Corporation is a retail drugstore chain. The Company sells prescription drugs and a range of other merchandise which are referred to as front-end products. The Company’s drugstores’ primary business is pharmacy services. It operates approximately 4570 stores in 31 states across the country and in the District of Columbia. Its front-end products include over-the-counter medications health and beauty aids personal care items cosmetics household items food and beverages greeting cards seasonal merchandise and various other every day and convenience products. The Company offers a range of products through its portfolio of private brands. Its classes of products include prescription drugs over-the-counter medications and personal care health and beauty aids and general merchandise and other. It sells private brand and co-branded products. It operates under The Rite Aid name.

Rite Aid Corporation

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