logo  
Sign in or Register

Already a member?

Sign in

Or sign in with your account on:

Not a member yet?

Register
    

Rite Aid Skyrockets on Impressive Earnings Report

  +Follow September 19, 2013 11:33AM
Share:
Tickers Mentioned:

Drugstore chain Rite Aid Corporation (RAD) issued their second quarter earnings report on Sept. 19, showing that the company’s turnaround has not slowed a bit. The company posted increased sales, notably in the key same-store sales metric, and a marked growth in the pharmacy department, upending analyst expectations.

The drugstore, which for a time flirted with bankruptcy, is in the midst of a massive turnaround.  After posting one lone profitable quarter in five years, Rite Aid has posted net gains over the last four quarters, and this one comfortably trumped analyst expectations.

Of particular excitement for Rite Aid is growing pharmaceutical sales. In a conference call with investors, Chief Financial Officer Frank G. Vitrano said, “The (sales) increase was due to higher pharmacy sales. Overall same-store sales increased 1% in the quarter, reflecting a higher pharmacy inflation rate,” referencing the chain’s aggressive expansion of that division, including the completion of the 1,000th Wellness Store remodel.

For their second quarter 2013 earnings report, Rite Aid reported a net profit of $32.8 million, or $0.03 per share, versus the net loss of $39 million, or -$0.05 per share, from the same period a year ago. Revenue for the quarter was $6.3 billion, as compared to $6.253 billion from the previous year. Analysts were expecting a loss of -$0.04 per share on revenues of $6.2 billion.

In its history, Rite Aid’s stock has gotten as high as $48.56 a share, in Dec. 1998, before a major accounting scandal racked the company, ending with several key executives, including the company’s CEO, going to jail.

Rite Aid popped on the news, gaining 21.02 percent to hit $4.49 a share. The stock is up a whopping 166 percent on the year, and has gained over 1,000 percent since March 2009, when the stock hit an all-time low of 20 cents a share.

DISCLOSURE: The views and opinions expressed in this article are those of the authors, and do not represent the views of equities.com. Readers should not consider statements made by the author as formal recommendations and should consult their financial advisor before making any investment decisions.


Liked What You Read? Join Equities.com and Connect With Your Favorite Financial Experts FOR FREE! Members of Equities.com gain access to our leading financial news and content, active social investment community, proprietary research tools including the 2014 Small-Cap Stars, E.V.A. reports and more.

Results for RAD
Stockaholics
5 Mar 15 02:04:45
400% Gains On Our Stock Picks & a MASSIVE New Pick Coming today! Check it out: http://t.co/IL8yCE0CRE $CWCO $RAD $HZNP
Breaking News Now
5 Mar 15 01:56:04
$RAD: Analyst Rating Update on Rite Aid Corporation: http://t.co/DXjx0xAoiZ
Stockaholics
5 Mar 15 01:49:25
400% Gains On Our Stock Picks & a MASSIVE New Pick Coming today! Check it out: http://t.co/IL8yCE0CRE $RAD $SBGI $MEG
Stock Rocket
5 Mar 15 01:21:58
Thanks to the 5 pro traders at http://t.co/5jbX6lWXsj for an amazing week! My win rate was 80%. So sweet. $RAD $AMD $FCEL $IAG
Nathan Nadeau
5 Mar 15 01:10:56
RT @lancejepsen: $RAD What Made Goldman Sachs Upgrade Rite Aid (RAD) Stock via @ruth_greene http://t.co/0jwIy4U0h5
Stockaholics
5 Mar 15 00:59:07
400% Gains On Our Stock Picks & a MASSIVE New Pick Coming today! Check it out: http://t.co/IL8yCE0CRE $ALTO $USA $RAD
Stockaholics
5 Mar 15 00:10:43
400% Gains On Our Stock Picks & a MASSIVE New Pick Coming today! Check it out: http://t.co/IL8yCE0CRE $INO $INNO $RAD
Mark Trader
4 Mar 15 23:54:48
http://t.co/U0VrKn1h21 has the most reliable picks in the market. The move fast and never fail. $ABEV $RAD $VALE $GRPN $BSX $ATVI
Stock Rocket
4 Mar 15 21:46:06
Our Stock Picks Gained 400% In 5 Weeks & Our New Pick Is Coming Tomorrow! Get It Early: http://t.co/iCLDxkVSvn $CWCO $RAD $HZNP
Cory Wurtenberg
4 Mar 15 19:47:42
@jimcramer I love $RAD
Stock Rocket
4 Mar 15 19:09:55
Our Stock Picks Gained 400% In 5 Weeks & Our New Pick Is Coming Tomorrow! Get It Early: http://t.co/iCLDxkVSvn $RAD $SBGI $MEG
Stock Rocket
4 Mar 15 17:44:41
Our Stock Picks Gained 400% In 5 Weeks & Our New Pick Is Coming Tomorrow! Get It Early: http://t.co/iCLDxkVSvn $ALTO $USA $RAD
PolgarStocks
4 Mar 15 15:18:11
$RAD Recent News Updated Wednesday, March 4, 2015 6:07:16 PM $XLU $RCHA $XLF $SIRI http://t.co/gGbuPGJi1O
Sentiquant
4 Mar 15 15:00:04
#sentishiftdown $GS $PEG $SE $WFC $RAD $RAX $FEYE $KO $JDST $BAC #sentiquant 20150304 18:00:07:870
Trader News Daily
4 Mar 15 14:39:53
Wow http://t.co/PeRPkYu8Uk just posted last weeks results. +429%. Crazy. They offer a free trial too. $FTR $RAD $OIBR $GGB $ACI $AMD
#HelpYouGetGAINS
4 Mar 15 13:43:18
#Stocks to watch from The Value Line Investment Survey: $PIR $CHS $RAD $ZTS $PEP $GNRC $MDLZ $AKAM $TWC http://t.co/bVUMI0ua19
Greg David
4 Mar 15 13:13:21
http://t.co/RMvVXnJDpv does trade alerts differently than anyone else. Its super cool. $NOK $SD $BTU $FITX $ARRY $HEMP $AKS $ARCP $RAD $S
Rosner Stocks
4 Mar 15 12:22:08
$RIGH Recent News Updated Wednesday, March 4, 2015 2:59:23 PM $HON $RAD $FEYE $BABA http://t.co/fvYInhU6BS
Langan Stocks
4 Mar 15 12:16:39
$TWTR Last Price Updated Wednesday, March 4, 2015 3:03:19 PM $GDX $LSG $CXDC $RAD http://t.co/mS7qvvEagF
PolgarStocks
4 Mar 15 12:13:06
$ELTP News Updated Wednesday, March 4, 2015 3:07:16 PM $TLT $EC $RAD $VXX http://t.co/fY7CkcYs0X
Rigo
4 Mar 15 11:51:54
@jimcramer are you still high on $RAD???
PolgarStocks
4 Mar 15 11:11:37
$NVAX Recent News Updated Wednesday, March 4, 2015 1:07:39 PM $UUP $RAD $VXX $TM http://t.co/IQcyp6zWQ1
clayton
4 Mar 15 10:56:01
RAD 8.08 Rite Aid Corp $RAD added to my watch list. Right now with RAD I am watching the last price 8.08 High http://t.co/IKkNbPRSTI
clayton
4 Mar 15 10:55:39
$RAD RAD 8.08 Rite Aid Corp $RAD stock added to my watch list. Right now with RAD I am watching the last price 8.08 http://t.co/aH1ezHpgJy
Rosner Stocks
4 Mar 15 10:18:32
$RAD Financials Updated Wednesday, March 4, 2015 12:59:39 PM $MU $NBIX $AMAT $D http://t.co/L43t3tHFzB
CollegeStocker
4 Mar 15 10:12:37
@GilmanAMD thoughts on $RAD 1 year PT?
OTPicks.com
4 Mar 15 09:18:10
http://t.co/stbZjDAnbM leahanne: Volume Alert - RAD 8.03 Rite Aid Corp $RAD Hit a: leahanne http://t.co/PB77nV4mGs http://t.co/stbZjDAnbM
leahanne
4 Mar 15 09:16:43
Volume Alert - RAD 8.03 Rite Aid Corp $RAD Hit a high today of 8.09 Closing the day 10:30 at 8.03 -0.07 -0.86% http://t.co/lBwsf2m9EJ
leahanne
4 Mar 15 09:16:21
$RAD Volume Alert - RAD Stock 8.03 Rite Aid Corp $RAD Hit a high today of 8.09 Closing the day 10:30 at 8.03 -0.07 http://t.co/I2i0tPAcBG
Langan Stocks
4 Mar 15 09:11:10
$IBB Percent Change Updated Wednesday, March 4, 2015 12:03:22 PM $RAD $EBR $SH $CTIX http://t.co/8F6NJIty2f
PolgarStocks
4 Mar 15 09:08:17
$TPI Percent Change Updated Wednesday, March 4, 2015 11:07:15 AM $SLW $NBG $OREX $RAD http://t.co/dIgBr0pHrF
Penny Stock Secret
4 Mar 15 08:39:25
Yesterday We Made $89,000 In Just One Trade More Info Here http://t.co/NovWYe2RAx .. $RAD $SBGI $MEG
Rosner Stocks
4 Mar 15 08:16:07
$FXI Investor Opinions Updated Wednesday, March 4, 2015 10:59:23 AM $RAD $UUP $QLD $NKE http://t.co/XqT3LBONiB
Penny Stock Secret
4 Mar 15 07:57:25
Yesterday We Made $89,000 In Just One Trade More Info Here http://t.co/NovWYe2RAx .. $ALTO $USA $RAD
Clayton Gilman
4 Mar 15 07:30:26
$RAD in 8.01, see if this holds above support=7.99
PolgarStocks
4 Mar 15 07:04:14
$XLF Reviews Updated Wednesday, March 4, 2015 09:07:15 AM $GLW $RAD $WEN $TIP http://t.co/4FQGV3U0MU
PolgarStocks
4 Mar 15 07:04:13
$RAD Financials Updated Wednesday, March 4, 2015 09:07:15 AM $XBI $BLTA $SLV $UWTI http://t.co/cM7iNj21Ux
Penny Stock Secret
4 Mar 15 07:00:25
Yesterday We Made $89,000 In Just One Trade More Info Here http://t.co/NovWYe2RAx .. $INO $INNO $RAD
Penny Stock Secret
4 Mar 15 05:38:22
Yesterday We Made $89,000 In Just One Trade More Info Here http://t.co/NovWYe2RAx .. $CWCO $RAD $HZNP
StockNews
4 Mar 15 04:46:30
$RAD - Cramer's Six Worries - Cramer's Mad Money (3/3/15) http://t.co/nLGtz4awkM
Stocks News&Markets
4 Mar 15 04:46:27
$RAD - Cramer's Six Worries - Cramer's Mad Money (3/3/15) http://t.co/Nmlv5Kd3fE
Quantpost Service
4 Mar 15 04:32:44
$BBY $RAD News: "Cramer's Six Worries - Cramer's Mad Money (3/3/15) $GM $WFC …" http://t.co/xziq59QKNO Board view: https://t.co/Mh70gWr4lG
Seeking Alpha
4 Mar 15 04:32:42
Cramer's Six Worries - Cramer's Mad Money (3/3/15) http://t.co/YalPj6msUt $GM $WFC $BBY $HPQ $BABA $KRFT $VSTO $OCN $DIN $PRGO $LL $RAD
Rosner Stocks
4 Mar 15 04:09:09
$TS Investor Opinions Updated Wednesday, March 4, 2015 06:59:23 AM $VNQ $WMIH $RAD $XLP http://t.co/Y1NLLUYvvZ
Clayton Gilman
4 Mar 15 03:10:14
$RAD signals bearish to end of this week. Descending Triangle potential to break below support next week. Hold&Test? http://t.co/wQFteu9UFG
Breaking News
4 Mar 15 02:31:04
$RAD: Rite Aid Corporation Price Target Update: http://t.co/uNdvMAB4EA
Langan Stocks
4 Mar 15 02:03:21
$RAD Filings Updated Wednesday, March 4, 2015 04:03:19 AM $RSP $VXX $RAX $BYSD http://t.co/oYp2NK5OTe
PolgarStocks
4 Mar 15 02:00:40
$IWM Financials Updated Wednesday, March 4, 2015 04:07:14 AM $MO $EBAY $RSP $RAD http://t.co/AHJG0safOs
PolgarStocks
4 Mar 15 02:00:37
$TM Short Sales Updated Wednesday, March 4, 2015 04:07:14 AM $FXI $RAD $BYSD $OXIS http://t.co/RDZL9dpG5N
Rosner Stocks
4 Mar 15 01:05:01
$RAD Filings Updated Wednesday, March 4, 2015 03:59:23 AM $BBY $AMRN $UWTI $DDD http://t.co/bZMttwWNML
				
				
  +Follow September 19, 2013 11:33AM
Share:

Comments

 

blog comments powered by Disqus

About us

Equities.com is the most advanced interactive online social ecosystem for the financial industry, serving as a resource center and next-generation communication platform that connects self-directed investors with public issuers, market experts, and professional service providers and vendors. Registered members can leverage our exclusive proprietary research tools such as the Small-Cap Stars, which outperformed 90% of all small-cap mutual funds, and robust do-it-yourself E.V.A. research reports. The Equities.com Issuer Dashboard is the ideal tool to communicate and manage investor awareness campaigns to the investment community, as well as to access valuable resources to help your company grow.

Market Data powered by QuoteMedia.
Copyright © QuoteMedia. Data delayed 15 minutes unless otherwise indicated. Terms of Use.