Rite Aid Corporation (RADCQ)

OTCMKTS: RADCQ · Delayed Price · USD
0.160
+0.060 (60.00%)
Mar 28, 2024, 3:51 PM EDT - Market closed
Market Cap 11.40M
Revenue (ttm) 23.73B
Net Income (ttm) -946.46M
Shares Out 56.54M
EPS (ttm) -17.24
PE Ratio n/a
Forward PE n/a
Dividend n/a
Ex-Dividend Date n/a
Volume 116,859
Open 0.100
Previous Close 0.100
Day's Range 0.100 - 0.160
52-Week Range 0.010 - 3.160
Beta 1.29
Analysts n/a
Price Target n/a
Earnings Date n/a

About RADCQ

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 provides various other pharmacy services and an assortment of products comprising over-the-counter medications, health and beauty aids, personal care products, seasonal merchandise, cosmetics, household items, food and beverages, greeting cards, seasonal and seasonal merchandise, pet care, and a variet... [Read more]

Industry Pharmaceuticals - Retailers
Sector Healthcare
Founded 1927
Employees 47,000
Stock Exchange OTCMKTS
Ticker Symbol RADCQ
Full Company Profile

Financial Performance

In 2022, Rite Aid's revenue was $24.09 billion, a decrease of -1.94% compared to the previous year's $24.57 billion. Losses were -$749.94 million, 39.3% more than in 2021.

Financial Statements

News

Rite Aid moves ahead on restructuring as sale efforts continue

Rite Aid, one of the largest U.S. pharmacy chains, received permission from a U.S. judge on Thursday to begin voting on a bankruptcy restructuring plan that would turn over most of the company's equit...

15 hours ago - Reuters

Rite Aid reaches bankruptcy settlement with lenders, DOJ, McKesson

Pharmacy chain Rite Aid has reached a settlement with its lenders, the U.S. Department of Justice, and drug supplier McKesson Corp , clearing a path for Rite Aid to complete its bankruptcy case by lat...

Other symbols: MCK
2 days ago - Reuters

Rite Aid CMO Says Innovation Keeps Customers a Click Away From the Competition

In today's digital age, where competition is a click away, loyalty has become a cornerstone of customer retention and satisfaction for both retailers and financial institutions looking to drive and ca...

3 days ago - PYMNTS

Rite Aid Becomes Copia's First Retail Pharmacy Partner to Help Combat Food Waste and Support Communities

PHILADELPHIA--(BUSINESS WIRE)--Rite Aid (OTC: RADCQ) today announced its partnership with food surplus tracking and donation platform Copia, as it furthers its efforts to reduce waste and make a meani...

16 days ago - Business Wire

Rite Aid Sheds More Assets In Sale Of Health Dialog's Population Health Business

Rite Aid is shedding more assets, disclosing plans for the “partial sale” of its Health Dialog business to Carenet Health, a provider of various patient engagement businesses.

22 days ago - Forbes

Rite Aid Enters into Agreement to Divest Majority of Health Dialog Assets

PHILADELPHIA--(BUSINESS WIRE)--Rite Aid Corporation (OTC: RADCQ) (“Rite Aid” or the “Company”) today announced that it has entered into an asset purchase agreement (“APA”) for the partial sale of its ...

22 days ago - Business Wire

Rite Aid and Bartell Drugs Announce Additional Dose of Updated COVID-19 Vaccine Available for Customers Ages 65 and Older

PHILADELPHIA--(BUSINESS WIRE)--Rite Aid (OTC:RADCQ) recently announced that appointments are now available for eligible customers ages 65 and older seeking an additional dose of the updated COVID-19 (...

23 days ago - Business Wire

Rite Aid is planning to close 77 stores in 2024. See if yours is on the list.

Rite Aid is planning to close 77 stores in 2024 as part of its Chapter 11 bankruptcy. That makes 431 stores that the drugstore chain has decided to close since October.

4 weeks ago - Business Insider

Rite Aid Unveils New ‘It Means More' Ad Spot, Showcasing Unwavering Commitment to Serving and Supporting Its Customers

PHILADELPHIA--(BUSINESS WIRE)--Today, Rite Aid debuted its new ‘It Means More' ad – spotlighting the retail pharmacy chain's commitment to its customers, together with the passion and ongoing dedicati...

5 weeks ago - Business Wire

Rite Aid Completes $575 Million PBM Sale To MedImpact

Rite Aid completed the sale of its Elixir pharmacy benefit management (PBM) company to another PBM, MedImpact Healthcare Systems for $575 million, the drugstore chain said Thursday.

2 months ago - Forbes

Rite Aid Completes Sale of Elixir Solutions to MedImpact

PHILADELPHIA--(BUSINESS WIRE)--Rite Aid Corporation (OTC: RADCQ) (“Rite Aid” or the “Company”) today announced it has completed the previously announced sale of its Elixir Solutions business (“Elixir”...

2 months ago - Business Wire

Find Your ‘Perfect Pairing' at Rite Aid this Valentine's Day

PHILADELPHIA--(BUSINESS WIRE)--Love is in the air, and Rite Aid is ready to make this Valentine's Day unforgettable. Whether you're expressing affection to a special someone, embracing self-care or ce...

2 months ago - Business Wire

Here's Why Drug Stores Are Closing In Minority Neighborhoods: Walgreens, CVS And Rite Aid Shutter More Than 1,000

A spate of pharmacy closings in Boston have drawn protests as more than 1,000 drug store chain locations across the country have closed, reigniting long standing concerns that low-income, Black and La...

Other symbols: CVSWBA
2 months ago - Forbes

Rite Aid Sells PBM Elixir For $575M To MedImpact

Rite Aid is selling its Elixir pharmacy benefit management (PBM) company to MedImpact for $575 million, the drugstore chain said Tuesday.

2 months ago - Forbes

Rite Aid gets court approval for $575 million Elixir sale

Pharmacy chain Rite Aid Corp on Tuesday received bankruptcy court approval to sell its Elixir pharmacy benefit manager business for $575 million.

2 months ago - Reuters

Rite Aid Receives Court Approval for Sale of Elixir Solutions Business to MedImpact

PHILADELPHIA--(BUSINESS WIRE)--Rite Aid Corporation (OTC: RADCQ) (“Rite Aid” or the “Company”) today announced that the U.S. Bankruptcy Court for the District of New Jersey has approved the sale of th...

2 months ago - Business Wire

Rite Aid Bids Goodbeye To 200 Stores Since Bankruptcy Filing

Rite Aid has closed about 200 stores since its filing two months ago for Chapter 11 bankruptcy protection with potentially more retail locations to close in coming weeks and months.

3 months ago - Forbes

FTC Crackdown on Rite Aid Over Facial Recognition Is a Lesson on Risks of AI

The FTC handed the retailer a five-year ban on using facial recognition technology for surveillance.

3 months ago - Barrons

Rite Aid barred from using facial recognition tech after thousands falsely flagged as shoplifters

Rite Aid, which filed for Chapter 11 bankruptcy protection in October, deployed artificial intelligence-based facial recognition technology from 2012 to 2020.

3 months ago - New York Post

Rite Aid is banned from using facial recognition in its stores after the FTC said it falsely flagged thousands of shoppers as potential criminals

The FTC banned Rite Aid from using facial recognition technology in its stores for five years. The software was meant to alert staff when suspected criminals entered Rite Aid stores.

3 months ago - Business Insider

Rite Aid to be barred from using facial recognition under proposed FTC settlement

CNBC's Becky Quick reports on the latest news.

3 months ago - CNBC Television

FTC bans Rite Aid's use of AI facial recognition over lack of consumer protections

The FTC and Rite Aid announced a settlement banning Rite Aid from using AI-powered facial recognition technologies for 5 years after the pharmacy chain's prior system lacked safeguards.

3 months ago - Fox Business

Rite Aid banned from using AI facial recognition

WASHINGTON, Dec 19 (Reuters) - Bankrupt U.S. pharmacy chain Rite Aid will be prohibited from using facial recognition technology for surveillance purposes for five years to settle U.S. Federal Trade C...

3 months ago - Reuters

Rite Aid Banned From Using AI Facial Recognition Technology For 5 Years After False Shoplifting Match Allegations

The Federal Trade Commission announced Tuesday that, as part of a proposed settlement, it is banning convenience store chain Rite Aid from using facial recognition technology for surveillance purposes...

3 months ago - Forbes

US pharmacy chain Rite Aid agrees to bankruptcy mediation, gets loan approval

NEW YORK, Dec 19 (Reuters) - Pharmacy chain Rite Aid received court approval on Tuesday for a bankruptcy loan that would let the company borrow an additional $200 million, while agreeing to enter medi...

3 months ago - Reuters