Rite Aid: Fiscal 1Q Earnings Snapshot

Associated Press
Updated

CAMP HILL, Pa. (AP) _ Rite Aid Corp. (RAD) on Wednesday reported a fiscal first-quarter loss of $99.7 million, after reporting a profit in the same period a year earlier.

On a per-share basis, the Camp Hill, Pennsylvania-based company said it had a loss of $1.88. Losses, adjusted for non-recurring costs and to account for discontinued operations, came to 14 cents per share.

The drugstore chain posted revenue of $5.37 billion in the period.

Rite Aid expects full-year results to range from a loss of 14 cents per share to earnings of 72 cents per share, with revenue in the range of $21.5 billion to $21.9 billion.

Rite Aid shares have decreased 50% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $7.11, a fall of 82% in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on RAD at https://www.zacks.com/ap/RAD