However, sales for the first quarter of 2017 were negatively impacted by the Easter holiday being in the second quarter in 2017 versus the first quarter in 2016, which it estimates affected sales by approximately 1.2%.
Private equity firm Sycamore Partners II currently owns the Dollar Express stores, which it bought in 2015 when Dollar Tree was forced to sell stores in 35 states as a condition of its acquisition of Family Dollar.
For its 2017 fiscal fourth quarter ended March 4, Rite Aid reported revenues of $8.5 billion and a net loss of $21.1 million. Its adjusted net loss came in at $3.2 million, which bested Wall Street estimates.
The combination will “create a highly differentiated medical technology company uniquely positioned to improve both the process of care and the treatment of disease for patients and healthcare providers," stated BD.
Although the consumer packaged goods industry is still climbing the sales charts to record heights — the industry reached $797 billion in 2016 — the engines driving that growth are beginning to sputter, according to a report from IRI and Boston Consulting Group.
Medtronic’s patient care, deep vein thrombosis and nutritional insufficiency businesses encompass 23 product categories across multiple market settings, including such brands as Curity, Kendall, Dover, Argyle and Kangaroo.