| (USD) | Jun 2023 | Q/Q |
|---|---|---|
| Revenue | 5.7B | -7% |
| Gross Profit | 1.2B | -6% |
| Cost Of Revenue | 4.5B | -8% |
| Operating Income | -305.2MM | +16% |
| Operating Expenses | 1.5B | - |
| Net Income | -306.7MM | +27% |
| G&A | 1.3B | -3% |
| Amortization | 17.1MM | -1% |
| Interest Expense | 65.2MM | -2% |
Short Volume Ratio = Short Volume / All Volume. Source of Short Volume data comes from
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Rite Aid shares moved sharply lower in after-hours trading only to open higher on Thursday following mixed first quarter results.
PHILADELPHIA, October 30, 2023--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 offering an After Work Wednesday clinic at select stores, providing families a convenient opportunity to walk in and get the immunizations they need to protect themselves against the flu, COVID-19, RSV, and other viruses.
Rite Aid filed for bankruptcy following years of losses, failed mergers and opioid litigation. Filing for bankruptcy puts all pending litigation against the company on hold. Rite Aid will close more of its 2,100 stores and name a new chief executive as part of the restructuring.
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 on Tuesday. Rite Aid, which filed for Chapter 11 bankruptcy on Sunday night in New Jersey, sued McKesson the following morning, seeking to stop it from terminating a drug supply agreement that accounts for 98% of the pharmacy chain's prescription drug sales. Joshua Sussberg, an attorney for Rite A...
Rite Aid plans to close or sell more than 250 stores so far under a court-supervised restructuring process.
(Bloomberg) -- Rite Aid Corp. resolved a fight with its largest supplier of prescription drugs, McKesson Corp., that the retailer said threatened its ability to continue providing customers with life saving medicines and imperiled its ability to survive bankruptcy.Most Read from BloombergTreasury Yields Climb as Hot Data Fuel Fed Wagers: Markets WrapIsrael Latest: Gaza Officials Say Hospital Strike Kills HundredsPutin Arrives in China to Meet Xi on Rare International TripWill Xi Jinping’s Gamble
Rite Aid filed for Chapter 11 bankruptcy protection while dealing with losses from opioid-related lawsuits. Other brick-and-mortar retailers have experienced the same fate in recent years. If Rite Aid...
Rite Aid’s plan to close more stores as part of its bankruptcy process could hurt access to medicine and care, particularly in some majority Black and Hispanic neighborhoods and in rural areas, experts say. The drugstore chain said late Sunday that its voluntary Chapter 11 process will allow it to speed up its plan to close underperforming stores. It said it doesn’t know yet which ones will close, but The Wall Street Journal reported last month that the company has proposed closing 400 to 500 ...
PHILADELPHIA, October 17, 2023--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 Jersey for its "First Day" motions related to the Company’s voluntary Chapter 11 petitions filed on October 15, 2023.
Rite Aid's (RAD) new restructuring plan is likely to reduce debt, strengthen liquidity, accelerate store footprint optimization plan and divest Elixir Solutions to MedImpact.