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Rite Aid delivers 'strong' fourth quarter, acquires RediClinic
In the wake of acquiring Houston-based RediClinic, Rite Aid reported revenues of $6.6 billion for the fourth quarter ended March 1, resulting from a 2.2% lift primarily attributed to an increase in pharmacy same-store sales.
For the full year, Rite Aid reported $25.5 billion in revenues, up 0.5%.
For the quarter, the company reported net income of $55.4 million or $0.06 per diluted share, and adjusted EBITDA of $356.3 million, or 5.4% of revenues. For the full year, Rite Aid reported net income of $249.4 million or $0.23 per diluted share, and adjusted EBITDA of $1.3 billion, or 5.2% of re...
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Rite Aid delivers ‘strong’ fourth quarter, acquires RediClinic
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