Last $7.59 USD
Change Today -0.06 / -0.78%
Volume 1.5M
RAD On Other Exchanges
Symbol
Exchange
New York
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As of 9:49 AM 01/27/15 All times are local (Market data is delayed by at least 15 minutes).

rite aid corp (RAD) Snapshot

Open
$7.55
Previous Close
$7.51
Day High
$7.65
Day Low
$7.53
52 Week High
06/4/14 - $8.62
52 Week Low
10/13/14 - $4.42
Market Cap
7.5B
Average Volume 10 Days
19.3M
EPS TTM
$0.36
Shares Outstanding
981.8M
EX-Date
10/27/99
P/E TM
21.4x
Dividend
--
Dividend Yield
--
Current Stock Chart for RITE AID CORP (RAD)

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 health coaching, shared decision making tools, and health care analytics, including health coaching for medical decisions, chronic conditions, and wellness; population analytic solutions; and consulting services, as well as 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 1, 2014, the company operated 4,587 stores in 31 states across the United States and in the District of Columbia. Rite Aid Corporation founded in 1927 and is headquartered in Camp Hill, Pennsylvania.

49,840 Employees
Last Reported Date: 04/23/14
Founded in 1927

rite aid corp (RAD) Top Compensated Officers

Chairman, Chief Executive Officer and Chairma...
Total Annual Compensation: $1.0M
President and Chief Operating Officer
Total Annual Compensation: $878.3K
Chief Administrative Officer and Senior Execu...
Total Annual Compensation: $819.5K
Executive Vice President of Store Operations
Total Annual Compensation: $477.4K
Executive Vice President, General Counsel and...
Total Annual Compensation: $457.0K
Compensation as of Fiscal Year 2014.

rite aid corp (RAD) Key Developments

Rite Aid Promotes Ray Payne as Group Vice President, Real Estate

Rite Aid Corporation announced that Ray Payne, currently vice president, real estate west coast, has been promoted to group vice president, real estate. Payne succeeds Karen Smith, who retired last year after more than 35 years with the company. As Group Vice President of Real Estate, Payne will be responsible for developing and executing the company's real estate strategy nationwide, including establishing a pipeline of properties for new and relocated stores. Additionally, Payne will oversee the company's tenant administration program and surplus properties. He will report to David Kelly, Rite Aid's senior vice president of store development.

Rite Aid Corp. Completes Amendment and Extension of Existing Credit Facility

Rite Aid Corp. reported the completion of an amendment and extension of its existing senior secured credit facility, including an increased borrowing capacity of up to $3.0 billion, or up to $3.7 billion when the company repays its 8.00% Senior Secured Notes due 2020 in full (whether at maturity or pursuant to an early redemption) and an extension of the maturity to January 2020.

Rite Aid Corporation Completes Amendment and Extension of Existing Credit Facility

Rite Aid Corporation announced the completion of an amendment and extension of its existing senior secured credit facility, including an increased borrowing capacity of up to $3.0 billion, or up to $3.7 billion when the company repays its 8.00% Senior Secured Notes due 2020 in full (whether at maturity or pursuant to an early redemption) and an extension of the maturity to January 2020. The company expects, at current rates, to save approximately $20.0 million in annual interest expense, based on a $3.0 billion facility, and approximately $50.0 million in annual interest expense, based on a $3.7 billion facility and the redemption of its 8.00% Senior Secured Notes due in 2020. The company used borrowings under the amended and extended senior secured credit facility to repay and retire all of the $1.147 billion outstanding under its Tranche 7 Senior Secured Term Loan due 2020, along with associated fees and expenses. The refinancing was led by Wells Fargo Capital Finance acting as syndication agent and a joint lead arranger and joint bookrunning manager; Citicorp North America Inc. acting as administrative agent and joint lead arranger and joint bookrunning manager; and Merrill Lynch, Pierce, Fenner & Smith Incorporated, GE Capital Markets Inc., Goldman Sachs Bank USA, Credit Suisse Securities (USA) LLC and MUFG Union Bank, N.A. acting as joint lead arrangers and joint bookrunning managers.

 

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Industry Analysis

RAD

Industry Average

Valuation RAD Industry Range
Price/Earnings 23.4x
Price/Sales 0.3x
Price/Book NM Not Meaningful
Price/Cash Flow 22.4x
TEV/Sales 0.0x
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