Rite Aid (RAD) Q4 Earnings Slightly Lower Than Street Estimates; Comps Rose 1.3%; Guides FY09 Below the Street
More News related to RAD
- Rite Aid Continues to Assist with Hurricane Relief Efforts
- Rite Aid Continues to Assist with Hurricane Relief Efforts
- Rite Aid Stores Stock Additional Emergency Supplies to Help Residents Prepare for Tropical Storm Hanna
- drugstore.com (DSCM) Announces Restructuring of Strategic Partnership with Rite Aid (RAD), Guides Below for Q3 and FY Revenues
- drugstore.com and Rite Aid Announce Restructured Strategic Partnership
More News related to Earnings
- Shiloh Industries (SHLO) Tops Q3 EPS View By 12c
- National Semiconductor (NSM) Reports Q1 EPS of $0.33; Guides Q2 Sales
- Aceto Corp. (ACET) Reports Q4 EPS of $0.32
- Sycamore Networks (SCMR) Misses Q4 Revenue View By $10M
- ABM Industries (ABM) Reports Higher Q3 Earnings; Narrows FY08 Guidance
Rite Aid Corp. (NYSE: RAD) reports a Q4 loss of $0.08, ex-items, 1 cent lower than the analyst estimate of ($0.07). Revenues for the quarter were $6.82 billion, versus the consensus of $6.85 billion.
Rite Aid's same store sales for the quarter increased 1.3% from the same period last year.
Rite Aid sees FY09 sales in the range of $26.7-$27.2 billion, versus the consensus of $27.63 billion. Sees same store sales over the full year increasing 2-4% over FY08. Rite Aid expects to report a FY09 net loss in the range of ($0.34)-($0.48), versus the Street estimate of ($0.18).
Rite Aid Corporation, through its subsidiaries, operates a chain of retail drugstores in the United States and District of Columbia. [BCS]
Related Categories
EarningsGuidance
Hot List
Retail Sales
Stocks Mentioned
-0.03Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
