Rite Aid (RAD) Tops Q3 EPS by 1c, Updates FY Guidance

Rite Aid (NYSE: RAD) reported Q3 EPS of $0.01, $0.01 better than the analyst estimate of $0.00. Revenue for the quarter came in at $5.45 billion versus the consensus estimate of $5.45 billion.

Retail Same Store Sales Increased 1.6 Percent

GUIDANCE:

Rite Aid sees FY2019 revenue of $21.8-21.95 billion vs $21.8 billion expected

• Rite Aid has narrowed its fiscal 2019 guidance. Total revenues are expected to be between $21.8 billion and $21.95 billion in fiscal 2019 with same store sales expected to range from an increase of 0.5 percent to 1.0 percent over fiscal 2018. Adjusted net loss is now expected to be between $33 million and $14 million and adjusted net loss per share is expected to be between a loss of $0.03 and $0.01. Adjusted EBITDA is expected to be between $545 million and $570 million. Capital expenditures are expected to be approximately $250 million.

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

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