rite aid corp (RAD:New York)
rite aid corp (RAD) Snapshot
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Open
$2.62
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Previous Close
$2.60
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Day High
$2.80
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Day Low
$2.60
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52 Week High
05/17/13 - $2.80
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52 Week Low
12/6/12 - $0.95
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Market Cap
2.5B
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Average Volume 10 Days
18.7M
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EPS TTM
$0.27
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Shares Outstanding
904.6M
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EX-Date
10/27/99
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P/E TM
10.3x
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Dividend
--
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Dividend Yield
--
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rite aid corp (RAD) Latest News
rite aid corp (RAD) Details
Rite Aid Corporation, through its subsidiaries, operates a chain of retail drugstores in the United States. The company sells prescription drugs and a range 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, and other everyday and convenience products. It also offers various photo processing services in its stores. The company offers its products to customers covered by third party payors, such as insurance companies, prescription benefit management companies, government agencies, private employers, and other managed care providers. It has a strategic alliance with GNC. As of March 2, 2013, the company operated 4,623 stores in 31 states and the District of Columbia. Rite Aid Corporation founded in 1927 and is headquartered in Camp Hill, Pennsylvania.
rite aid corp (RAD) Top Compensated Officers
rite aid corp (RAD) Key Developments
On May 13, 2013, the Board of Directors of Rite Aid Corporation elected Bruce G. Bodaken to the Board. Mr. Bodaken is currently a director and audit committee chairman of WageWorks Inc. It is expected that Mr. Bodaken will be appointed to the Nominating and Governance Committee.
Rite Aid Wellness Store in the Belvidere area held a grand opening Saturday. The store is at 2 Upper Sarepta Road in White Township.
Rite Aid Corporation reported sales results for the four weeks and eight weeks ended April 27, 2013. For the four weeks, the company reported same store sales decreased 4.0% over the prior-year period. April front-end same store sales decreased 3.5%, negatively impacted by an earlier Easter this year compared to last year. Pharmacy same store sales, which included an approximate 454 basis points negative impact from new generic introductions, decreased 4.2%. Prescription count at comparable stores decreased 0.2% over the prior-year period. Total drugstore sales decreased 4.6% to $1.902 billion compared to $1.993 billion for the same period last year. Prescription sales accounted for 67.9% of drugstore sales, and third party prescription sales represented 96.9% of pharmacy sales. For the eight-week, the company reported same store sales decreased 3.0% over the prior-year period. Front-end same store sales increased 0.1% while pharmacy same store sales decreased 4.4%. Prescription count at comparable stores increased 0.1% over the prior-year period. Total drugstore sales for the eight weeks ended April 27, 2013 decreased 3.5% with sales of $3.841 billion compared to $3.982 billion for the same period last year. Prescription sales represented 67.7% of total drugstore sales, and third party prescription sales represented 97.0% of pharmacy sales.
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Industry Analysis
RAD
Industry Average
| Valuation | RAD | Industry Range |
| Price/Earnings | 21.9x |
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| Price/Sales | 0.1x |
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| Price/Book | NM | Not Meaningful |
| Price/Cash Flow | 19.9x |
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| TEV/Sales | NM | Not Meaningful |
Post a JobJobs
- Sonoma, CA | Rite AidPosted: Apr 23
- Ashland, MA | RiteaidPosted: May 18
- Auburn, WA | Rite AidPosted: May 13
- New York | Rite AidPosted: Apr 19
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To contact RITE AID CORP, please visit www.riteaid.com. Company data is provided by Capital IQ. Please use this form to report any data issues.
Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.








