09/19/2014 - 8:57am
Revising year-end guidance on account of reimbursement rate headwinds, Rite Aid's stock took a hit after reporting second-quarter earnings even though the company beat analysts' consensus estimates for the quarter. The retail pharmacy operation recorded second-quarter profit of $127.8 million, or 13 cents per share, more than doubling FactSet consensus analyst estimate of 6 cents a share, according to a MarketWatch report. And while revenue of $6.5 billion was in line with analyst expectations, Rite Aid topped expected same-store sales growth of 3.3% by recording 4.1% in same-store sales growth. 
 
Rite Aid is still on the right track. 
09/18/2014 - 9:47am

John Standley, Rite Aid chairman and CEO, on Thursday morning announced a sixth Rite Aid Health Alliance partnership with Physician Direct ACO in Detroit. 

 

09/18/2014 - 7:29am

Rite Aid on Thursday reported revenues of $6.5 billion for its second quarter ended Aug. 30, representing a 3.9% lift credited to rising pharmacy same-store sales. 

09/17/2014 - 2:32pm

The Skin Cancer Foundation’s annual Road to Healthy Skin Tour, presented by Rite Aid, recently wrapped up its seventh cross-country journey, providing free skin cancer screenings and prevention information to communities nationwide.

09/15/2014 - 3:14pm

Managing such chronic conditions as diabetes has become a core competency among many retail pharmacies. It dovetails well with the retail pharmacy industry’s goal to become a destination center for patients proactively seeking to improve their health and wellness.

09/15/2014 - 9:26am

The Rite Aid Foundation is taking charitable giving to the next level by letting customers choose the charity they want to support through KidCents, Rite Aid’s in-store, round-up program. 

 

09/10/2014 - 9:37am

The Rite Aid Cleveland Marathon on Tuesday announced a partnership with the Cleveland Cavaliers that will allow the start of the 38th annual race to take place Sunday, May 17 outside Quicken Loans Arena.

09/04/2014 - 9:50am

Rite Aid on Thursday reported a 3.2% lift in sales for the 26 weeks ended Aug. 30, ringing in $12.9 billion. 

 

08/20/2014 - 3:21pm

Don’t think of it as a set prototype — it’s an evolution. That’s what Rite Aid executives have always maintained, since first launching its Wellness store format in 2010. If you want to see where the evolution has taken the chain, and how the very latest thinking is reflected in the current format, watch Rite Aid president and COO Ken Martindale walk DSN through the company’s newly remodeled Wellness store in Beverly Hills, Calif., on North Canon Road.