Rite Aid Corporation (RADCQ)
|Net Income (ttm)||-946.46M|
|52-Week Range||0.115 - 0.500|
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]
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
PHILADELPHIA--(BUSINESS WIRE)--Rite Aid Corporation (OTC: RADCQ) today announced that customers in California, Maryland, New Hampshire, Nevada and Oregon can now receive prescribed hormonal contracept...
Robbins Geller Rudman & Dowd LLP Announces Proposed Settlement in the Rite Aid Securities Litigation
SAN DIEGO--(BUSINESS WIRE)--The following statement is being issued by Robbins Geller Rudman & Dowd LLP regarding the Rite Aid Securities Litigation: UNITED STATES DISTRICT COURT MIDDLE DISTRICT OF PE...
Rite Aid sued the U.S. Department of Justice on Thursday, seeking to stop a lawsuit alleging that the bankrupt pharmacy chain ignored red flags and illegally filled hundreds of thousands of prescripti...
Executives in any business can learn from the pharmacy giant's collapse.
PHILADELPHIA--(BUSINESS WIRE)--Rite Aid (OTC: RADCQ) is proud to recognize the service and sacrifice of all veterans and active military personnel this Veterans' Day by offering a “Veteran Appreciatio...
PHILADELPHIA--(BUSINESS WIRE)--With fall routines and busy schedules in full swing, it can be tough to focus on your health. Rite Aid (OTC: RADCQ) makes it easy to keep your health a priority by offer...
So far this year, companies filing for bankruptcy are twice that of 2022, and a hair short of pandemic 2020. The biggest group of filers: consumer-discretionary companies, like Rite Aid.
Walgreens Boots Alliance has agreed to pay $192.5 million to settle a class action lawsuit by investors in Rite Aid who accused Walgreens of misleading them in 2017 about scrutiny of the two drugstore...
Rite Aid is shuttering over 150 stores as it seeks to restructure their business following years of legal issues tied to the opioid crisis and sagging sales.
Rite Aid plans to shutter 154 stores, many of them in Pennsylvania and California, as part of its bankruptcy plans, according to an initial list of those closures published in court documents filed on...
Rite Aid warned investors it may not be able to keep its business running.
Rite Aid, which had filed for Chapter 11 bankruptcy protection, is now preparing to shed almost 100 stores nationwide as part of its restructuring efforts.
The bankrupt pharmacy giant has included a partial list of underperforming locations in a recent court filing. The big chain pharmacy industry is going through upheaval in 2023.
U.S. drugstore chain Rite Aid raised concerns about its ability to remain in business in a regulatory filing, days after it filed for bankruptcy protection.
Pharmacy chain Rite Aid has settled a critical dispute with drug supplier McKesson Corp to ensure that customers' prescriptions will continue to be filled during Rite Aid's bankruptcy, attorneys said ...
Trading in Rite Aid's stock was halted premarket Monday after the company filed for chapter 11. Bonds issued by Rite Aid RAD also sold off heavily.
Rite Aid filed plans to close 154 stores on Monday as part of its Chapter 11 bankruptcy. The chain had about 2,100 stores around the US headed into its bankruptcy.
Rite Aid Corp.'s stock tumbled 55% Tuesday, falling to 30 cents, after resuming trade following a halt on Monday. The stock was halted after the company filed for bankruptcy amid mounting piles of deb...
PHILADELPHIA--(BUSINESS WIRE)--Rite Aid Corporation (OTC: RADCQ) (“Rite Aid” or the “Company”) today announced that it has received approvals from the U.S. Bankruptcy Court for the District of New Jer...
The company has come under increased pressure for their high levels of debt, as well as ongoing litigation stemming from the opioid epidemic
NEW YORK--(BUSINESS WIRE)--The New York Stock Exchange LLC (“NYSE” or “Exchange”) announced today that the staff of NYSE Regulation has determined to commence proceedings to delist the common stock of...
Rite Aid files for bankruptcy
CNBC's Gabrielle Fonrouge joins 'Power Lunch' to discuss Rite Aid filing for bankruptcy and what went wrong.
Drug store chains for decades saturated US cities, suburbs and small towns with new stores.
With drugstore chain Rite Aid filing bankruptcy, the already long list of busts adds a fairly high-profile name.
Rite Aid bankruptcy complicated by opioid lawsuits, debt
Rite Aid (RAD) has officially filed for bankruptcy while struggling with piling debt and ongoing opioid lawsuits. Yahoo Finance's Josh Schafer reports on this story and deep dives into the unique natu...