Rite Aid Corporation
Stock Symbol: RAD
30 Hunter Ln
Rite Aid Corporation Industry:
Rite Aid Corporation Description:
Rite Aid Corporation is one of the nation's leading drugstore chains with annual revenues of more than $15 billion and approximately 3,500 stores in 28 states and the District of Columbia. Information about Rite Aid, including corporate background and press releases, is available through the company's website at www.riteaid.com.
Rite Aid Corporation Financial Summary:
For the 26 weeks ended 27 August 2005, Rite Aid Corporation's revenues decreased less than 1% to $8.35B. The Company's net income applicable to Common for the period decreased 86% to $8.2M. Revenues reflect a decrease in same store pharmacy sales due to a decrease in the number of prescriptions filled. Earnings also suffered from increases in pharmacy labor, advertising expenses and securitization program fees.
Rite Aid Corporation Business Summary:
Rite Aid Corporation is a retail drugstore chain in the United States. The Company operates its drugstores in 28 states across the country and in the District of Columbia. As of February 26, 2005, it operated 3,356 stores. In its stores, the Company sells prescription drugs and a wide assortment of other merchandise, which it calls front-end products. Front end products include over-the-counter medications, health and beauty aids, personal care items, cosmetics, household items, beverages, convenience foods, greeting cards, seasonal merchandise and numerous other everyday and convenience products, as well as photo processing. It offers approximately 2,400 products under the Rite Aid private brand.