Rite Aid (RAD) Misses Q4 EPS by 46c

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Go back to Rite Aid (RAD) Misses Q4 EPS by 46c

Rite Aid Corporation Reports Fiscal 2023 Fourth Quarter and Full Year Results and Provides Fiscal 2024 Outlook

April 20, 2023 7:00 AM EDT

Fourth Quarter Highlights:

Revenues of $6.1 billion, Comparable to Prior Year Retail Comparable Same Store Prescriptions Increased 5.2 Percent Comparable Same Store Prescriptions, Excluding COVID Impacts, Increased 9.7 Percent Net Loss per Share of $4.39, Compared to Prior Year Net Loss per Share of $7.18 Adjusted EBITDA of $128.6 million, Compared to the Prior Year Adjusted EBITDA of $106.1 million Completed Tender Offer for $165 million of our 2025 notes Reducing Amount Outstanding to $320 million From $600 million at Beginning of Fiscal 2022

Full Year Highlights:

Revenues of $24.1 billion, Compared to Prior Year... More