UPDATE: Rite Aid (RAD) Misses Q4 EPS by 4c; Comps Up 3%; Issues FY13 Loss, Revs Outlook
Tweet
Share
E-mail
Get Alerts RAD Hot Sheet
Price: $0.65 --0%
Financial Fact:
Selling, general and administrative expenses: 1.78B
Today's EPS Names:
OFLX, VAXX, NMRD, More
Financial Fact:
Selling, general and administrative expenses: 1.78B
Today's EPS Names:
OFLX, VAXX, NMRD, More
Join SI Premium – FREE
(Updated - April 12, 2012 7:08 AM EDT)
Rite Aid (NYSE: RAD) reported Q4 EPS of ($0.18), $0.04 worse than the analyst estimate of ($0.14). Revenue for the quarter came in at $7.1 billion versus the consensus estimate of $7.03 billion.
Loss includes $0.14 LIFO charge, a loss on debt modification charge, and a lower gain on sale of assets.
UPDATE: Same store sales for the quarter increased 3.0 percent over the prior-year period, consisting of a 1.6 percent increase in the front end and a 3.8 percent increase in the pharmacy.
In the fourth quarter, the company relocated two stores, remodeled 121 stores and closed 12 stores. Stores in operation at the end of the fourth quarter totaled 4,667. The Company had 280 wellness stores at year end.
Sees FY13 loss $0.13 - $0.31 per share on sales of $25.4 - $25.8 billion, versus consensus loss of $0.25 and sales of $25.7 billion. Comps will be flat to an increase of 1.5 percent.
For earnings history and earnings-related data on Rite Aid (RAD) click here.
Rite Aid (NYSE: RAD) reported Q4 EPS of ($0.18), $0.04 worse than the analyst estimate of ($0.14). Revenue for the quarter came in at $7.1 billion versus the consensus estimate of $7.03 billion.
Loss includes $0.14 LIFO charge, a loss on debt modification charge, and a lower gain on sale of assets.
UPDATE: Same store sales for the quarter increased 3.0 percent over the prior-year period, consisting of a 1.6 percent increase in the front end and a 3.8 percent increase in the pharmacy.
In the fourth quarter, the company relocated two stores, remodeled 121 stores and closed 12 stores. Stores in operation at the end of the fourth quarter totaled 4,667. The Company had 280 wellness stores at year end.
Sees FY13 loss $0.13 - $0.31 per share on sales of $25.4 - $25.8 billion, versus consensus loss of $0.25 and sales of $25.7 billion. Comps will be flat to an increase of 1.5 percent.
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
- Blackhawk Network (HAWK) Reports Q2 Loss of $0.07; Offers Guidance
- Birchtech Corp. (BCHT) Misses Q2 EPS by 7c
- Inhibrx, Inc. (INBX) Misses Q2 EPS by 54c
Create E-mail Alert Related Categories
Earnings, Guidance, Retail SalesRelated 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!
