by Mike Duff | Oct 16, 2023 | Featured News, Retail Articles
After weeks of speculation about its go-forward strategy, Rite Aid Corp. has announced that it has filed for Chapter 11 bankruptcy protection to accelerate its ongoing business transformation. This comes amid pressure exerted by lower COVID-19-related sales and opioid...
by Mike Duff | Oct 5, 2023 | Retail Articles
Rite Aid Corp. has announced that the New York Stock Exchange informed the company that it is no longer in compliance with the organization’s continued listing standards. NYSE stated that Rite Aid has failed to meet its Minimum Market Capitalization Standard and...
by Mike Duff | Jun 29, 2023 | Retail Articles
In the first quarter, Rite Aid made strides, posting revenues that exceeded analyst expectations and a lower adjusted loss that also came in better than Wall Street anticipated. First quarter net loss was $306.7 million, or $5.56 per diluted share, compared to a net...
by Mike Duff | Apr 20, 2023 | Retail Articles
Rite Aid narrowed adjusted loss in the fourth quarter but was short of Wall Street expectations even as sales surpassed an analyst estimate. For the quarter, Rite Aid announced that it lost $241.3 million, or $4.39 per diluted share, versus a loss of $389.1 million,...
by Mike Duff | Mar 17, 2023 | Retail Articles
Rite Aid Chief Retail Officer Andre Persaud has left the company in an additional high-level executive departure following a tough third quarter. Although it is not providing much in the way of details, Rite Aid issued a statement that said Persaud “is no longer with...
