Michael Johnsen, senior editor, has been covering the business of over-the-counter medicines and natural health issues for more than 10 years. Johnsen worked as a retail store manager for the decade prior to becoming a journalist and earned his bachelor’s degree in communication from George Mason University.
Articles by this author:
- Superior front-end experience, improved patient outcomes will define Rite Aid's success (Retail News, Rite Aid, DSN AM, Latest News, Drug Fix, Top Retailers, Insights and Perspectives)Fri, 09/19/2014 - 8:57amRevising 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.
McKesson donated four million pairs of latex gloves to World Vision, the wholesaler announced Thursday.
Good Neighbor Pharmacy, a national independent pharmacy network, on Thursday announced the launch of Good Neighbor Pharmacy University, an online central resource for network members to access information and education.
Kroger on Thursday raised the quarterly dividend by 12%, to 18.5 cents per share, to be paid on Dec. 1 to shareholders of record as of the close of business on Nov. 14.
Influenza vaccination coverage estimates show an encouraging upward trend overall, but coverage among healthy adults ages 18 years to 64 years has yet to top 40%.
John Standley, Rite Aid chairman and CEO, on Thursday morning announced a sixth Rite Aid Health Alliance partnership with Physician Direct ACO in Detroit.
Illinois Sen. Mattie Hunter, D-District 3, and author and Walgreens executive Steve Pemberton will receive Treatment Alternatives for Safe Communities’ 2014 Leadership Awards at the agency’s annual luncheon.