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Last $8.39 USD
Change Today -0.02 / -0.24%
Volume 17.9M
RAD On Other Exchanges
Symbol
Exchange
New York
As of 8:04 PM 07/2/15 All times are local (Market data is delayed by at least 15 minutes).

rite aid corp (RAD) Snapshot

Open
$8.40
Previous Close
$8.41
Day High
$8.44
Day Low
$8.27
52 Week High
04/2/15 - $9.07
52 Week Low
10/13/14 - $4.42
Market Cap
8.5B
Average Volume 10 Days
19.5M
EPS TTM
$0.28
Shares Outstanding
1.0B
EX-Date
10/27/99
P/E TM
30.1x
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 every day 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. 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 April 20, 2015, the company operated approximately 4,600 stores in 31 states of the United States, and the District of Columbia. Rite Aid Corporation was founded in 1927 and is headquartered in Camp Hill, Pennsylvania.

50,730 Employees
Last Reported Date: 04/23/15
Founded in 1927

rite aid corp (RAD) Top Compensated Officers

Chairman, Chief Executive Officer and Chairma...
Total Annual Compensation: $1.2M
President and Chief Operating Officer
Total Annual Compensation: $900.0K
Chief Financial Officer and Executive Vice Pr...
Total Annual Compensation: $419.3K
Chief Administrative Officer and Senior Execu...
Total Annual Compensation: $844.1K
Executive Vice President of Store Operations
Total Annual Compensation: $500.3K
Compensation as of Fiscal Year 2015.

rite aid corp (RAD) Key Developments

Rite Aid Corporation to Report June,2015 Sales/Trading Statement Results on Jul 02, 2015

Rite Aid Corporation announced that they will report June, 2015 sales/trading statement results on Jul 02, 2015

Rite Aid Corporation Announces Executive Changes

Rite Aid Corporation announced that Bryan Everett is joining Rite Aid as executive vice president of store operations, effective August 3, 2015. In this position, Everett will be responsible for all operations at the company’s nearly 4,600 chainwide stores and will report to Rite Aid’s President and Chief Operating Officer Ken Martindale. Everett will succeed Bob Thompson, who has announced his retirement from the company, effective January 2016. Thompson will continue reporting to Martindale until his retirement, working on specified service initiatives designed to continue to improve the overall customer experience in Rite Aid stores as well as assisting in the leadership transition. Everett is an accomplished leader with 20 years of experience in store operations. He joined Target Corporation in 2002, where he held various store operations positions of increasing responsibility. He most recently served as senior vice president of store operations for the company. In this role, he focused on talent management, operational efficiency and integrated technology solutions. He also led new format, new store and remodeling programs while also overseeing pharmacy and clinic operations. Before joining Target, Everett also held store operations management positions at Fleming Wholesale and ALDI Inc.

Rite Aid Corporation Announces Unaudited Consolidated Earnings Results for the First Quarter Ended May 30, 2015; Provides Earnings Guidance for the Year Ending February 27, 2016

Rite Aid Corporation announced unaudited consolidated earnings results for the first quarter ended May 30, 2015. Revenues for the quarter were $6.6 billion versus revenues of $6.5 billion in the prior year’s first quarter. Revenues increased 2.8% primarily as a result of an increase in same store sales. Same store sales for the quarter increased 2.9% over the prior year, consisting of a 0.6% increase in front-end sales and a 3.9% increase in pharmacy sales. Pharmacy sales included an approximate 165 basis point negative impact from new generic introductions. The number of prescriptions filled in same stores increased 1.6% over the prior year period. Prescription sales accounted for 69.1% of total drugstore sales, and third party prescription revenue was 97.7% of pharmacy sales. Net income was $18.8 million or $0.02 per diluted share compared to last year’s first quarter net income of $41.4 million or $0.04 per diluted share. The decline in net income resulted primarily from interest and other incremental pre-tax costs of $36.0 million, or $0.02 per share on an after-tax basis, incurred in connection with the company’s pending acquisition of EnvisionRx. Adjusted EBITDA was $299.3 million or 4.5% of revenues for the first quarter compared to $282.6 million or 4.4% of revenues for the like period last year. Adjusted EBITDA improved due to an increase in front-end and pharmacy gross profit, partially offset by an increase in selling, general and administrative expenses related to higher level of sales, clinic expansion and the roll-out of the Plenti program. Income before income taxes was $31,277,000 against $53,327,000 a year ago. Payments for property, plant and equipment were $141,037,000 against $94,342,000 a year ago. Intangible assets acquired were $14,293,000 against $19,586,000 a year ago. Net cash provided by operating activities was $367,835,000 against $239,748,000 a year ago. The company provided earnings guidance for the year ending February 27, 2016. The company expects revenues, which includes PBM revenues are expected to be between $30.7 billion and $31.2 billion. Drugstore sales are expected to be between $26.9 billion and $27.4 billion and same store sales to range from an increase of 2.50% to an increase of 4.50% over fiscal 2015. Adjusted EBITDA guidance is expected to be between $1.350 billion and $1.450 billion and net income is expected to be between $150.0 million and $230.0 million or income per diluted share of $0.14 to $0.22. Capital expenditures are expected to be approximately $665 million.

 

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Industry Analysis

RAD

Industry Average

Valuation RAD Industry Range
Price/Earnings 4.1x
Price/Sales 0.3x
Price/Book 53.9x
Price/Cash Flow 4.1x
TEV/Sales NM Not Meaningful
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