Rite Aid has successfully transferred 1,114 stores to Walgreens Boots Alliance, and has received cash proceeds of $2.424 billion, which the company continues to use to reduce debt.
The Dublin, Ohio-based company’s earnings per share increased 226% to $3.33 following a quarter of growth in its medical business and a pharmaceutical distribution segment that exceeded expectations.
The acquisition will allow Arbonne to benefit from the resources and expertise offered by Groupe Rocher, the companies said.
On a per-share basis, the San Francisco-based company reported net income of $4.33. Earnings, adjusted for one-time gains and costs, were $3.41 per share.
Together the brands have announced the launch of a new company, Keurig Dr Pepper, which will house iconic brands such as 7UP, A&W, Green Mountain Coffee Roasters and Keurig’s single-serve coffee system, among others.
Rite Aid is using its latest influx of cash to repay all of its $970 million of outstanding secured loans while maintaining a strong liquidity position.