Thursday, June 21, 2018
News: Page (1) of 1 - 12/15/11 Email this story to a friend. email article Print this page (Article printing at page facebook
Rite Aid 3Q loss narrows as sales climb
Drugstore operator Rite Aid posts smaller 3rd-quarter loss, sales at established stores climb
By The Associated Press

Rite Aid Corp. says its third quarter loss narrowed, as sales at stores open at least a year improved and the drugstore operator more than doubled the number of flu shots delivered.

The third-largest U.S. drugstore chain says it lost $54.5 million, or 6 cents per share, after paying preferred dividends in the latest quarter. That compares to a loss of $81.5 million, or 9 cents per share, a year ago.

Revenue climbed nearly 2 percent to $6.31 billion.

Analysts were expecting a loss of 12 cents per share on $6.29 billion in revenue.

The Camp Hill, Pa., company says sales at stores open at least a year climbed 2 percent, driven by an increase in pharmacy business.

Rite Aid had 4,679 stores as of Nov. 26, down 62 from a year ago.

Page: 1


Our Privacy Policy --- About The U.S. Daily News - Contact Us - Advertise With Us - Privacy Guidelines