PHILADELPHIA — Rite Aid reported a narrower than projected loss and topped Wall Street’s revenue forecast for its third quarter. The company reported an adjusted loss of $7.9 million, or 14 cents a share. Analysts had estimated it would be 15 cents a share. Revenue of $6.08 billion bettered Wall Street’s expectation of $5.94 billion.
Mass Market Retailers held a reception in New York City recently to honor the executives chosen as the publication’s “People Who Made a Difference” in 2022. Receiving awards were: Scott Crawford, chief merchandising officer at Fresh Direct; Heather Hughes, group vice president of beauty, personal care, seasonal at Walgreens; and Vinima Shekhar, vice president of
Andre Persaud of Rite Aid was part of a panel of five leading retailers that recently addressed the barriers that many Americans face in accessing quality health care, and discussed what can be done to lower them. The conversation was part of the Together in the Fight for Health Equity event presented by Chain Drug
In this week’s Video Forum, Andre Persaud, Rite Aid’s chief retail officer, talks about the drug store chain’s continued progress despite the challenges brought about by fallout from the COVID pandemic, the current high rate of inflation and a tight labor market. Among the subjects he addresses are scope of pharmacy practice, Rite Aid’s new
PHILADELPHIA — With flu and respiratory illnesses expected to increase during fall and winter months, Rite Aid is making diagnostic testing easier for Michigan customers with rapid point-of-care testing now available at all stores throughout the state. Point-of-care testing provides customers with rapid turnaround of test results combined with onsite prescriptions for those who test
PHILADELPHIA — Rite Aid and Google Cloud are entering a multi-year technology partnership to help Rite Aid realize its vision of a modern pharmacy, the companies said on Tuesday. Google Cloud technologies will provide Rite Aid with better insights, increased agility and improved customer experiences, the companies added. Modernized applications for personalized digital experiences will
PHILADELPHIA — Rite Aid posted mixed results for the second quarter of its 2023 fiscal year, with sales that beat analysts’ expectations but were accompanied by a larger-than-expected loss. The company’s $5.9 billion in revenue topped Wall Street’s forecast of $5.77 billion. But its adjusted 63 cents per share loss was worse than the anticipated
PHILADELPHIA – Rite Aid had mixed second quarter results, reporting sales that beat analysts’ forecast but posting a wider than expected loss. The company ‘s $5.9 billion in revenue topped Wall Street’s prediction of $5.77 billion. But its adjusted 63 cents per share loss was worse than the anticipated 55 cents per share. For fiscal
PHILADELPHIA – Rite Aid will offer Family Immunization Days at select stores, including Bartell Drugs in the Pacific Northwest, providing families opportunities to walk in and get the vaccinations they need to protect themselves against COVID-19, the flu and other diseases. Rite Aid Family Immunization Days take place from 4 p.m. to 8 p.m. on
PHILADELPHIA — Rite Aid announced on Monday that Steve Bixler, vice president of financial accounting, will become the new chief accounting officer effective Jan. 13, 2023, following the retirement of Brian Hoover who has served in the role for the last three years during his 27 years with Rite Aid. Bixler will report to chief financial
PHILADELPHIA — Andre Persaud, chief retail officer at Rite Aid Corp., announced on his LinkedIn page the launch a new brand advertising campaign. “This is our first since rebranding in 2020. The ad highlights the consumer push and pull to be healthy but to also indulge and have fun. It reminds our customers that there
NEW YORK —Rite Aid said it is accelerating its switch to selling 100% cage-free eggs, and now expects to hit that goal by the end of this year. The company had initially pledged to source cage-free eggs across all its retail locations by 2025. The new commitment expedites the timeline by three years. “We commend