Rite Aid (RAD) Misses Q4 EPS by $1.07, Revenue Beats Offers Guidance
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Rite Aid Corporation Reports Strong Fiscal 2022 Fourth Quarter and Full Year Results and Provides Fiscal 2023 Outlook
April 14, 2022 7:00 AM EDTFull Year Revenues Increased $525 million to $24.6 billion; Pharmacy Sales Increased 12% Full Year Net Loss per Share Increased from $1.87 to $9.96 Driven by Non-Cash Impairment Charges Full Year Adjusted EBITDA Increased 16% to $505.9 million Driven by Strong Retail Pharmacy Performance Generated $379 million in Operating Cash Flow and Reduced Net Debt by $212 million Leverage Ratio Improved Year Over Year from 6.7 to 5.4 Times Issues Fiscal 2023 Adjusted EBITDA Outlook in Range of $460 million to $500 million Announces Cost Rationalization Program that Targets $170 million in Savings
PHILADELPHIA--(BUSINESS WIRE)-- Rite Aid... More
