Rite Aid (RAD) Reports In-Line Q1 EPS, Revenues Beat; Offers FY19 EPS Mid-Point Outlook Above Consensus
Get Alerts RAD Hot Sheet
Revenue Growth %: -100.0%
Financial Fact:
Revenues: 8.03B
Today's EPS Names:
FSI, RELV, NEOM, More
Join SI Premium – FREE
Rite Aid (NYSE: RAD) reported Q1 EPS of ($0.01), in-line with the analyst estimate of ($0.01). Revenue for the quarter came in at $5.39 billion versus the consensus estimate of $5.32 billion.
- First Quarter Net Loss from Continuing Operations of $41.7 Million or $0.04 Per Share, Compared to the Prior Year First Quarter Net Loss of $36.0 Million or $0.03 Per Share
- First Quarter Adjusted Net Loss from Continuing Operations Per Share of $0.01, Compared to the Prior Year First Quarter Adjusted Net Loss Per Share of $0.01
- First Quarter Adjusted EBITDA from Continuing Operations of $147.3 Million, Compared to the Prior Year Adjusted EBITDA from Continuing Operations of $136.0 Million and Prior Year Pro-forma Adjusted EBITDA from Continuing Operations of $160.0 Million
- First Quarter Retail Pharmacy Segment Adjusted EBITDA Improved $2.1 Million Compared to the Prior Year First Quarter Pro-forma Adjusted EBITDA
- Rite Aid Confirms Fiscal 2019 Outlook
Outlook for Fiscal 2019
Rite Aid is confirming its fiscal 2019 outlook. The company’s outlook is based on the anticipated benefits from a reimbursement rate environment that is more stable than fiscal 2018, TSA fees under the agreement with WBA, generic drug purchasing efficiencies, and other initiatives to grow sales and drive operational efficiencies. The outlook provided herein does not reflect the impact of the pending transaction with Albertsons.
Rite Aid expects sales to be between $21.7 billion and $22.1 billion in fiscal 2019 with same store sales expected to range from an increase of 0.0 percent to an increase of 1.0 percent over fiscal 2018.
Adjusted EBITDA (which is reconciled to net loss in the attached table) is expected to be between $615.0 million and $675.0 million.
Net loss is expected to be between $40.0 million and $95.0 million.
Adjusted net income per share is expected to be between $0.02 and $0.06.
Capital expenditures are expected to be approximately $250 million.
GUIDANCE:
Rite Aid sees FY2019 EPS of $0.02-$0.06, versus the consensus of $0.03.
For earnings history and earnings-related data on Rite Aid (RAD) click here.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Surf Air Mobility Inc. (SRFM) Reports revenue, provides guidance
- Semtech (SMTC) climbs as Q4 revenue and guidance surpass expectations
- Sprinklr (CXM) Tops Q4 EPS by 4c; offers guidance
Create E-mail Alert Related Categories
Earnings, Guidance, Hot GuidanceRelated Entities
EarningsSign 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!