Rite Aid (RAD) Tops Q1 EPS by 34c, Revenues Beat; Withdraws FY21 Outlook Due to COVID-19 Uncertainty

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Go back to Rite Aid (RAD) Tops Q1 EPS by 34c, Revenues Beat; Withdraws FY21 Outlook Due to COVID-19 Uncertainty

Rite Aid (RAD) July 13 straddle priced for a move of 14% into quarter results

June 24, 2020 2:14 PM EDT

Rite Aid (NYSE: RAD) July 13 straddle priced for a move of 14% into the expected release of quarter results before the bell on June 25.

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Vitamin chain GNC files for bankruptcy, may close 1,200 stores and sell itself

June 24, 2020 10:50 AM EDT

By Jonathan Stempel

(Reuters) - GNC Holdings Inc (NYSE: GNC), the vitamin and herbal supplement retailer, has filed for bankruptcy, with plans to close at least 800 to 1,200 locations and possibly sell itself.

The 85-year-old company filed for Chapter 11 protection late Tuesday night in the U.S. bankruptcy court in Wilmington, Delaware.

GNC had been trying to reduce its nearly $900 million debt load amid falling sales at its brick-and-mortar stores when the coronavirus... More