CAMP HILL, Pa. — Rite Aid Corp. reported better-than-expected third quarter sales and earnings. The company also narrowed its fiscal 2020 earnings forecast while maintaining its revenue guidance. The results lifted the retailer’s shares more than 20% to over $10. For the quarter ended November 30, adjusted net income was $29.1 million, or 54 cents
CAMP HILL, Pa. — Rite Aid Corp. on Thursday reported better-than-expected third quarter sales and earnings. The company also narrowed its fiscal 2020 earnings forecast while maintaining its revenue guidance. The results lifted the retailer’s shares more than 20% to over $10. Net income from continuing operations was $52.3 million, or 98 cents per share.
CAMP HILL, Pa. — Rite Aid Corp. has named Jim Peters chief operating officer. He succeeds Bryan Everett, who is leaving the company to pursue other interests. Peters will lead all aspects of Rite Aid’s pharmacy and clinical strategy development and execution; health plan, health system and strategic corporate relationships; marketing and merchandising; and corporate
CAMP HILL, Pa. – Rite Aid announced on Thursday the appointment of Jim Peters as the company’s chief operating officer. Peters will lead all aspects of Rite Aid’s pharmacy and clinical strategy development and execution; health plan, health system and strategic corporate relationships; marketing and merchandising; corporate development, strategy and communications. Jim Peters “Jim is
NEW YORK — Pharmacy chains CVS, Walgreens and Rite Aid and other retailers are pulling heartburn medication Zantac and its store-brand versions from their shelves after the Food and Drug Administration (FDA) warned it had detected low levels of a cancer-causing chemical in samples of the drug. The actions follow the FDA’s release of a
RONKONKOMA, N.Y. — Piping Rock Health Products has been named Supplier Partner of the Year by Rite Aid in recognition of its contribution to the VMHS category. “We are thrilled to be honored by Rite Aid with this award,” said Rich Scoza, Piping Rock vice president of customer development and strategic planning. “At Piping Rock,
CAMP HILL, Pa. — Rite Aid’s second quarter earnings beat analysts’ forecasts, but overall and same-store sales fell short of projections. Heyward Donigan Under new chief executive officer Heyward Donigan the chain reported adjusted earnings per share of 12 cents, well ahead of Wall Street’s expectation of 7 cents. But the retailer’s revenue of $5.37
CAMP HILL, Pa. — Rite Aid Corp. has appointed Heyward Donigan chief executive officer. Donigan was most recently president and CEO of Sapphire Digital (formerly Vitals), which designs and develops omnichannel platforms that help consumers choose their best-fit health care providers. At Rite Aid she succeeds John Standley, who had announced in March that he
CAMP HILL, Pa. — Rite Aid Corp. is introducing RediClinic Express, an in-store virtual care platform that allows customers to communicate with clinicians over a secure audio/video connection. The program utilizes a virtual care platform — Solo by InTouch — developed by InTouch Technologies Inc. of Goleta, Calif., a provider of telehealth systems. “Virtual care
CLEVELAND — The federal judge overseeing the landmark opioid suit Thursday severed CVS Health entities, Rite Aid and Walmart from the main bellwether trial scheduled for October. Judge Dan Aaron Polster of the United States District Court for the Northern District of Ohio granted the order to simplify the trial and make it more manageable.
CAMP HILL, Pa .— Rite Aid Corp. said Monday that the board of directors has appointed Heyward Donigan as chief executive officer and a member of the board, effective immediately. As planned, John Standley will step down from his role as chief executive officer. “Today’s announcement is an important step in positioning Rite Aid for
NEW YORK — Mass Market Retailers last week honored the outstanding executives who were identified by the publication as the industry’s Most Influential Women in 2019. The awards presentation and reception drew retailer and supplier executives from across the food, drug and mass channels to a ballroom in lower Manhattan. On hand to receive awards