Categories AlphaGraphs, Earnings, Health Care

Rite Aid’s (RAD) loss narrows in Q2 2021

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.

Rite Aid (RAD) Q2 2021 Earnings Infograph

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

V Earnings: Key quarterly highlights from Visa’s Q1 2023 financial results

Visa Inc. (NYSE: V) reported first quarter 2023 earnings results today. Net revenues grew 12% year-over-year to $7.9 billion. GAAP net income rose 6% to $4.2 billion while EPS grew

Earnings: Highlights of Intel’s (INTC) Q4 2022 financial results

Intel Corporation (NASDAQ: INTC) Thursday reported a decline in adjusted earnings and revenues for the fourth quarter. The semiconductor giant also provided guidance for the first quarter of 2023. Fourth-quarter

McCormick (MKC) expects to drive sales growth in 2023 through pricing actions and cost savings

Shares of McCormick & Company Inc. (NYSE: MKC) were down over 5% on Thursday after the company missed expectations on its fourth quarter 2022 results and provided a lower-than-expected earnings

Add Comment
Viewing Highlight