Rite Aid Corporation (NYSE: RAD) reported a narrower loss in the second quarter of 2021. Net loss shrank to $0.25 per share in the recently ended quarter from $1.49 per share in the prior-year quarter.
Revenue increased by 11.5% to $5.98 billion in Q2. The increase in revenues was driven by growth at both the Retail Pharmacy and Pharmacy Services segments. Analysts had expected Rite Aid to report breakeven earnings on revenue of $5.74 billion.
RAD stock was trading up about 1% during pre-market trading hours.
For fiscal 2021, the drugstore chain expects adjusted net (loss) income per share to be between $(0.67) and $0.09. Revenue is targeted to be between $23.5 billion and $24.0 billion with same store sales growth of 3% to 4% over fiscal 2020.
Most Popular
PEP Earnings: All you need to know about PepsiCo’s Q3 2024 earnings results
PepsiCo, Inc. (NASDAQ: PEP) reported its third quarter 2024 earnings results today. Net revenue dipped 0.6% to $23.3 billion compared to the same period a year ago. Organic revenue growth
Walgreens Boots Alliance’s Q4 results likely to reflect market challenges
Walgreens Boots Alliance, Inc. (NASDAQ: WBA) has been struggling to maintain sales momentum and profitability for quite some time due to a challenging operating environment. The main headwinds to the
Bank earnings preview: What to expect when the banking giants report Q3 2024 results
A slew of major banks are set to report their earnings results for the third quarter of 2024 over this week and the next. The focus will be on interest
