Categories AlphaGraphs, Earnings, Health Care

Infographic: Highlights of Rite Aid’s (RAD) Q3 2021 earnings report

Rite Aid Corporation (NYSE: RAD) reported a decline in third-quarter earnings, despite an increase in revenues, as margins were hurt by higher costs. The results, meanwhile, beat the consensus forecast.

Rite Aid Corporation Q3 2021 earnings infographic

The drugstore chain reported earnings from continuing operations of $0.40 per share for the third quarter, excluding special items, compared to $0.54 per share in the corresponding period of 2020. Unadjusted profit was $4.3 million or $0.08 per share, compared to $52.3 million or $0.98 per share a year earlier. Analysts were looking for a loss for the most recent quarter.

The bottom-line performance was affected by elevated expenses. Meanwhile, third-quarter revenues increased 12% year-over-year to $6.12 billion and came in above the estimates.


Read management/analysts’ comments on Rite Aid’s Q3 earnings


In the past twelve months, the company’s shares gained about 22%. They closed the last trading session lower but made strong gains soon after Thursday’s earnings report.

  • Rite Aid (RAD) Q1 2021 earnings infograph
  • Rite Aid Corporation Reports Fiscal 2020 Fourth Quarter and Full Year Results
  • Rite Aid Corporation (NYSE: RAD) swung to a profit in the second quarter of 2020, from a loss in the year-over period, even as revenues growth remained stagnant

Most Popular

MU Earnings: Micron’s Q4 profit declines but beats estimates

Micron Technology Inc. (NASDAQ: MU) Thursday said its fourth-quarter profit declined from last year, hurt by a sharp fall in revenues. Earnings, however, beat the market’s projection. On an adjusted

What are Philip Morris’ (PM) anticipations for the near term?

Shares of Philip Morris International Inc. (NYSE: PM) were down 1% on Thursday. The stock has dropped over 9% year-to-date. Although the tobacco industry has felt the pinch of inflation,

Key highlights from CarMax (KMX) Q2 2023 earnings results

CarMax, Inc. (NYSE:KMX) reported second quarter 2023 earnings results today. Net revenues rose 2% year-over-year to $8.1 billion. Net earnings were $125.9 million, or $0.79 per share, compared to $285.2 million,

Add Comment
Loading...
Cancel
Viewing Highlight
Loading...
Highlight
Close
Top