Rite Aid (RAD) Reports In-Line Q1 Loss of 3c/Share; Updates FY13 Sales, Net Loss Outlook

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Rite Aid (NYSE: RAD) reported Q1 EPS of ($0.03), in-line with the analyst estimate of ($0.03). Revenue for the quarter came in at $6.47 billion versus the consensus estimate of $6.44 billion. Same-store sales were up 2.5 percent.

Rite Aid sees FY2013 EPS of $-0.13-$-0.29, versus views calling for -$0.20. Rite Aid sees FY2013 revenue of $25.3-$25.7 billion, compared with estimates of $25.53 billion. Prior guidance was for a loss of $0.13-$0.31 and sales of $25.4-$25.8 billion. Looking for same-store sales to be down 0.5% to up 1%.

For earnings history and earnings-related data on Rite Aid (RAD) click here.

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