Operating income from continuing operations in the first nine months of fiscal 2022 increased 54.3% to $2.2 billion, compared with $1.4 billion in the same period a year ago.
Driven by a reduction in COVID-19 vaccines and testing revenue, as well as store closures, Rite Aid’s retail pharmacy segment revenues decreased over the prior-year quarter.
The 90-year-old beauty brand stated that by filing for Chapter 11, it will be able to operate seamlessly in all markets and focus on driving future growth.
During a strong first-quarter earnings report, the grocery chain announced that it would be rolling out its Boost membership program nationally over the next few weeks.
According to reports, Revlon is preparing to file for Chapter 11 within the next few days, following news that as of the end of March it had long-term debt of $3.31 billion.
The wholesale club retailer reached 6.5 million members in the first quarter, and membership fee income increased by 11.9% to $96.6 million year-over-year.
Target had lower-than-expected sales in discretionary categories, as well as costs related to freight, supply chain disruptions, and increased compensation and headcount in its distribution centers.
Fourth-quarter sales and other revenue reached $17.4 billion during the 12 weeks ended Feb. 26, due to an increase in identical sales and higher fuel sales, with retail price inflation contributing to the identical sales increase.