Skip to main content

Rite Aid Corporation (RAD)

NYSE: RAD · IEX Real-Time Price · USD
14.18 -0.08 (-0.56%)
Oct 22, 2021 9:41 AM EDT - Market open
Market Cap760.16M
Revenue (ttm)24.31B
Net Income (ttm)-127.53M
Shares Out55.09M
EPS (ttm)-2.38
PE Ration/a
Forward PEn/a
Dividendn/a
Ex-Dividend Daten/a
Volume83,382
Open14.23
Previous Close14.26
Day's Range14.09 - 14.29
52-Week Range8.86 - 32.48
Beta0.94
AnalystsSell
Price Target13.00 (-8.3%)
Est. Earnings DateDec 16, 2021

About RAD

Rite Aid Corporation, through its subsidiaries, operates a chain of retail drugstores in the United States. The company operates through two segments, Retail Pharmacy and Pharmacy Services. The Retail Pharmacy segment sells prescription drugs and an assortment of other merchandise, including over-the-counter medications, health and beauty aids, personal care items, cosmetics, household items, food and beverages, greeting cards, seasonal merchandise, pet care, and other every day and convenience products, as well as brand and generic prescriptio...

IndustryFood & Staples Retailing
Founded1927
CEOHeyward Donigan
Employees50,000
Stock ExchangeNYSE
Ticker SymbolRAD
Full Company Profile

Financial Performance

In 2020, Rite Aid's revenue was $24.04 billion, an increase of 9.64% compared to the previous year's $21.93 billion. Losses were -$90.91 million, -79.90% less than in 2019.

Financial Statements

Analyst Forecast

According to 5 analysts, the average rating for Rite Aid stock is "Sell." The 12-month stock price forecast is 13.00, which is a decrease of -8.32% from the latest price.

Price Target
$13.00
(-8.32% downside)
Analyst Consensus: Sell

News

Here's Why You Should Retain Bio-Rad (BIO) Stock For Now

Investors are optimistic about Bio-Rad (BIO) on solid international market performance and raised 2021 guidance.

Other symbols:BIO
1 day ago - Zacks Investment Research

Rite Aid joins with Uber Eats to expand on-demand delivery

Customers can now get health items from Rite Aid through Uber Eats, though not prescriptions.

Other symbols:UBER
3 weeks ago - CNET

Rite Aid Statement on CDC Recommendation Regarding COVID-19 Vaccine “Boosters”

PHILADELPHIA--(BUSINESS WIRE)--Today the Centers for Disease Control and Prevention (CDC) concurred with previous recommendations made by the Food and Drug Administration (FDA) and the Advisory Committe...

3 weeks ago - Business Wire

Rite Aid On-Demand Delivery Goes National with Uber Eats

Rite Aid on Friday (Sept. 24) broadened its partnership with Uber Technologies, Inc., and is now offering delivery of healthcare items, groceries and Rite Aid products through the Uber Eats platform fro...

Other symbols:UBER
3 weeks ago - PYMNTS

Bartell Drugs Announces Partnership With Uber To Expand On-demand Delivery Throughout Western Washington

SEATTLE, Sept. 24, 2021 /PRNewswire/ -- Today, Bartell Drugs (Bartell's) announced a new partnership with Uber Technologies, Inc. (NYSE: UBER) to offer delivery of Bartell's products in the Puget Sound ...

Other symbols:UBER
3 weeks ago - PRNewsWire

Rite Aid (RAD) Q2 Loss Narrower Than Expected, Revenues Miss

Despite high costs, Rite Aid's (RAD) fiscal second-quarter results have been aided by increased demand as well as strength in Elixir and the Retail Pharmacy unit.

3 weeks ago - Zacks Investment Research

Rite Aid Partners With Uber Eats to Expand On-Demand Delivery Nationwide

PHILADELPHIA--(BUSINESS WIRE)--Today, Rite Aid (NYSE: RAD) announced the expansion of their partnership with Uber Technologies, Inc. (NYSE: UBER) to offer delivery of Rite Aid products nationwide throug...

Other symbols:UBER
3 weeks ago - Business Wire

Why Rite Aid Stock Is Sinking Today

Investors reacted negatively to the company's Q2 update.

4 weeks ago - The Motley Fool

Rite Aid Touts Importance of Pharmacists in Business Growth

Rite Aid is pointing to pharmaceuticals and its pharmacists as the key to growing and transforming its business, though bigger competitors whose strategies are more developed may put some speed bumps al...

4 weeks ago - PYMNTS

Rite Aid Shares Crumble After Expecting Wider Annual Net Loss For Fiscal 2022

Rite Aid Corporation (NYSE: RAD) has reported Q2 FY22 adjusted net loss of ($0.41) per share, compared to an income of $0.25 a year ago, but beating the consensus of $(0.48). Earnings: Revenues increase...

4 weeks ago - Benzinga

Rite Aid (RAD) Reports Q2 Loss, Misses Revenue Estimates

Rite Aid (RAD) delivered earnings and revenue surprises of 2.38% and -2.13%, respectively, for the quarter ended August 2021. Do the numbers hold clues to what lies ahead for the stock?

4 weeks ago - Zacks Investment Research

Rite Aid Corporation Reports Fiscal 2022 Second Quarter Results and Raises Full Year Adjusted EBITDA Guidance

CAMP HILL, Pa.--(BUSINESS WIRE)--Rite Aid Corporation (NYSE: RAD) today reported operating results for its second fiscal quarter ended August 28, 2021. For the second quarter, the company reported net l...

4 weeks ago - Business Wire

Rite Aid (RAD) to Report Q2 Earnings: What Should You Know?

Rite Aid (RAD) is likely to have gained from PBM, RxEvolution strategy and expanded omnichannel services in Q2. Rising wage costs and drab front-end same-store sales are likely to have been concerns.

1 month ago - Zacks Investment Research

Earnings Preview: Rite Aid (RAD) Q2 Earnings Expected to Decline

Rite Aid (RAD) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

1 month ago - Zacks Investment Research

Rite Aid Partners With CLEAR to Offer Digital Vaccine Card

CAMP HILL, Pa.--(BUSINESS WIRE)--Rite Aid (NYSE: RAD) today announced a partnership with CLEAR (NYSE: YOU), the secure identity company, to offer Rite Aid customers the ability to access and share their...

Other symbols:YOU
1 month ago - Business Wire

Rite Aid moving HQ to Philadelphia amid push for ‘collaborative' spaces

Rite Aid is moving its headquarters to Philadelphia in what it calls a site “designed specifically for in-person collaboration and company gatherings, rather than office spaces.” The new “enterprise hea...

1 month ago - New York Post

Rite Aid Brings Together Corporate Workforce Through Remote-First Collaboration

PHILADELPHIA--(BUSINESS WIRE)--Today, Rite Aid (NYSE: RAD) unveiled its corporate workplace of the future – a remote-first work approach for corporate associates, supported by a network of collaboration...

1 month ago - Business Wire

Lance Neill Joins Elixir as New Chief Operating Officer

CAMP HILL, Pa.--(BUSINESS WIRE)--Elixir, a wholly owned subsidiary of Rite Aid (NYSE: RAD) that provides pharmacy benefits and services, today announced that veteran healthcare and pharmacy executive La...

1 month ago - Business Wire

Rite Aid to Release Second Quarter Results on September 23

CAMP HILL, Pa.--(BUSINESS WIRE)--Rite Aid Corporation (NYSE:RAD) said today that it will release financial results for its Fiscal 2022 Second Quarter, which ended Aug. 28, 2021, on Thursday, Sept. 23, 2...

1 month ago - Business Wire

Rite Aid, in Partnership with the U.S. Department of Health and Human Services, BioReference Laboratories and New Yor...

CAMP HILL, Pa.--(BUSINESS WIRE)--Rite Aid (NYSE: RAD) and the U.S. Department of Health and Human Services (HHS), together with BioReference Laboratories, Inc., an OPKO Health company (NASDAQ:OPK), anno...

Other symbols:OPK
1 month ago - Business Wire

Rite Aid Announces Successful Amendment and Extension to Credit Agreement

CAMP HILL, Pa.--(BUSINESS WIRE)--Rite Aid Corporation (NYSE: RAD) announced today that it has entered into an amendment to its senior secured credit agreement, which, after giving effect to the amendmen...

1 month ago - Business Wire

Rite Aid Announces Availability of Flu Vaccines at All Locations

CAMP HILL, Pa.--(BUSINESS WIRE)--Rite Aid (NYSE: RAD) announced the availability of flu vaccines at all stores beginning today. Additionally, by expanding its COVID-19 online scheduling tool to include ...

2 months ago - Business Wire

Surging Earnings Estimates Signal Upside for Bio-Rad (BIO) Stock

Bio-Rad (BIO) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions.

Other symbols:BIO
2 months ago - Zacks Investment Research

Shipt, Rite Aid Announce Same-Day Delivery Partnership

BIRMINGHAM, Ala., Aug. 5, 2021 /PRNewswire/ -- Same-day delivery service Shipt and Rite Aid (NYSE: RAD) today announced a partnership to bring same-day delivery of health and wellness products to Rite A...

2 months ago - PRNewsWire

Rite Aid Partners with dunnhumby to Revamp Price, Promotion and Loyalty Programs

CHICAGO & CAMP HILL, Pa.--(BUSINESS WIRE)--Rite Aid has selected dunnhumby, the global leader in customer data science, as its strategic partner to revamp its price, promotion and loyalty programs. Rite...

2 months ago - Business Wire