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
Michael Torres, PhD
29 Aug 14 09:05:29
RT @BlockTradeAlert: BLOCK TRADE: $RAD 250,000 shares @ $6.29 [12:03:56]
BlockTradeAlert
29 Aug 14 09:03:57
BLOCK TRADE: $RAD 250,000 shares @ $6.29 [12:03:56]
Market Compass
29 Aug 14 06:43:00
$RAD: Rite Aid Encourages Customers to Shield Themselves from the Flu http://t.co/pB4asCEXRd http://t.co/wXZOTE77Pz
Adela Seiler
29 Aug 14 06:01:55
$RAD Rite Aid Encourages Custome http://t.co/rtP2uI0Gss
Business News Watch
29 Aug 14 05:42:58
$RAD: Why Rite Aid (RAD) Stock Is Up Today http://t.co/tAjU9wTkui http://t.co/ex0CRfUEvm
Jillian
29 Aug 14 01:30:53
Next couple weeks will be very telling for $EXEL.Slowly trying to build a nice position in $PCRFY. Elon Musk = cha ching! Still holding $RAD
Business News Now
28 Aug 14 23:42:52
$RAD: Why Rite Aid (RAD) Stock Is Up Today http://t.co/eTIv6h1D7K http://t.co/gCeRVqltsE
RD Signs
28 Aug 14 17:02:47
$AMD vs $RAD which one to hold, which one to sell. Both speculative plays...looking to exit from one.
Companies in News
28 Aug 14 16:42:58
$RAD: Rite Aid Is Underperforming Walgreen, But The Stock Could Still Rise http://t.co/Inpf24Gabm http://t.co/Ly86K0he7H
Stockaholics
28 Aug 14 16:35:40
$VIIC ran up 720% Today in an explosive move! Our new picks are coming soon: http://t.co/86hsEuqG18 $INO $INNO $RAD
Stockaholics
28 Aug 14 15:50:48
$VIIC ran up 720% Today in an explosive move! Our new picks are coming soon: http://t.co/EdxLh9u5Nx $RAD $SBGI $MEG
Stockaholics
28 Aug 14 15:43:53
$VIIC ran up 720% Today in an explosive move! Our new picks are coming soon: http://t.co/EdxLh9u5Nx $ALTO $USA $RAD
Nike+ Developer
28 Aug 14 14:34:46
RT @MisterMainSt: $RAD dip is tempting but I think the stock moves lower first. Plenty of long term upside
Nike+ Developer
28 Aug 14 14:33:48
RT @MisterMainSt: $GM $MA $RAD and $WFM, which present the best long term value @Stephanie_Link ?
Nike+ Developer
28 Aug 14 14:33:03
RT @MisterMainSt: .@justaddmuscle @Stephanie_Link definitely potential in $RAD but their margins are very thin & balance full of debt
Stocks in News
28 Aug 14 13:43:00
$RAD: RiteAid: Ready To Soar http://t.co/l7LCLWk5KZ http://t.co/q3aWsnP5Ij
Stockaholics
28 Aug 14 13:09:11
$VIIC ran up 720% Today in an explosive move! Our new picks are coming soon: http://t.co/86hsEuqG18 $INO $INNO $RAD
Brian Nichols
28 Aug 14 11:41:26
3 Reasons for Rite Aid Corporation's Resurgence $RAD $WAG $CVS http://t.co/vmXlLiz1OW via @themotleyfool
Consestimate
28 Aug 14 10:52:07
3 Reasons for Rite Aid Corporation's Resurgence (RAD) . #Bullish or #Bearish on $RAD. Share with us here: http://t.co/tMaO9S3bLt
Sofie
28 Aug 14 10:10:07
RT @MisterMainSt: $RAD dip is tempting but I think the stock moves lower first. Plenty of long term upside
Sofie
28 Aug 14 10:09:03
RT @MisterMainSt: $GM $MA $RAD and $WFM, which present the best long term value @Stephanie_Link ?
Sofie
28 Aug 14 10:08:15
RT @MisterMainSt: .@justaddmuscle @Stephanie_Link definitely potential in $RAD but their margins are very thin & balance full of debt
Market Monitor
28 Aug 14 08:42:55
$RAD: Trade-Ideas: Rite Aid (RAD) Is Today's "Dead Cat Bounce" Stock http://t.co/mrmQlasoUl http://t.co/gqcrsUdpiM
Josette Tam
28 Aug 14 08:36:01
Why Rite Aid (RAD) $RAD http://t.co/qbdi62HeYa
Ricky Chau
28 Aug 14 07:59:52
$RAD Building up my position now
S Manian
28 Aug 14 07:32:57
RT @BlockTradeAlert: BLOCK TRADE: $RAD 250,000 shares @ $6.30 [10:31:18]
BlockTradeAlert
28 Aug 14 07:31:19
BLOCK TRADE: $RAD 250,000 shares @ $6.30 [10:31:18]
BlockTradeAlert
28 Aug 14 07:28:53
BLOCK TRADE: $RAD 250,000 shares @ $6.30 [10:28:53]
Daily Contracts
28 Aug 14 07:26:02
Real-Time feed of company contracts, original agreements and executive updates from Rite Aid $RAD http://t.co/SJPsVUIYRn
Financial Headlines
28 Aug 14 06:43:12
$RAD: Drug Stores in Consideration- Rite Aid Corporation (NYSE:RAD), CVS Caremark ... http://t.co/YtQ9GWmbxq http://t.co/BsCOo5inJS
US Banking News
28 Aug 14 06:20:27
Rite Aid Gets Average Rating of Buy from Analysts $RAD http://t.co/V1MsHbVEmN
Julian Close
28 Aug 14 06:13:31
PriceWatch Alerts for $MNKD, $BBY, $SPLK, $RAD & $MDRX from InvestorsObserver today: http://t.co/0u6UesjjrB #OptionsTrading #CoveredCalls
Investors Observer
28 Aug 14 06:13:31
PriceWatch Alerts for $MNKD, $BBY, $SPLK, $RAD & $MDRX from InvestorsObserver today: http://t.co/D55IGDBcTy #OptionsTrading #CoveredCalls
Stock Updates
28 Aug 14 05:43:13
$RAD: Rite Aid Corporation is Going in the Right Direction http://t.co/IQHn6LIgDK http://t.co/evtcB3WAcu
Melany Stowe
28 Aug 14 00:26:40
RT @MisterMainSt: $RAD dip is tempting but I think the stock moves lower first. Plenty of long term upside
Melany Stowe
28 Aug 14 00:25:27
RT @MisterMainSt: $GM $MA $RAD and $WFM, which present the best long term value @Stephanie_Link ?
Melany Stowe
28 Aug 14 00:24:34
RT @MisterMainSt: .@justaddmuscle @Stephanie_Link definitely potential in $RAD but their margins are very thin & balance full of debt
Market News
27 Aug 14 20:42:58
$RAD: How Does Rite Aid Measure Up Vs. Walgreens in Stock Price, Sales? http://t.co/VjtW9bcwEH http://t.co/OljRTdFfpe
Stockaholics
27 Aug 14 20:35:39
REVI closed up 44.5% today! Special Update: http://t.co/6o15AzsDr3 $CWCO $RAD $HZNP
Stockaholics
27 Aug 14 20:22:40
REVI closed up 44.5% today! Special Update: http://t.co/6o15AzsDr3 $INO $INNO $RAD
OTPicks.com
27 Aug 14 18:29:55
http://t.co/hjgLwIcNgz danrocks: $RAD Hitting Buzz $SWHC $EBAY $FCX $TQQQ $QIHU: danrocks http://t.co/0rrlU1l6uA http://t.co/hjgLwIcNgz
Stock Updates
27 Aug 14 15:42:51
$RAD: Is Now the Time to Buy Rite Aid Stock, or Should You Hold Off? http://t.co/uu5LLBAlED http://t.co/5aQ0BWqJF1
Ivana Creel
27 Aug 14 15:07:20
$RAD Rite Aid Encourages Custo http://t.co/D9ovoClA64
InsiderTradingWire
27 Aug 14 13:20:45
$RAD | Rite Aid Corporat is down 15% since we reported $1,721,821 of insider selling on 07/07/2014. Did you ... - http://t.co/nTYJbz6ZH2
• Jim •
27 Aug 14 12:18:46
When are we going to see $RAD above $8 again???
Stocks in News
27 Aug 14 11:42:51
$RAD: Is Now the Time to Buy Rite Aid Stock, or Should You Hold Off? http://t.co/b7cLLaVL7C http://t.co/QAIsq1J51s
Trader News Daily
27 Aug 14 11:26:19
http://t.co/PeRPkYu8Uk ranked #1 with over 75% alert gains this week. Related: $MONIF $FNMA $TAUG $ZNGA $PSEC $VTEQ $ACTC $RAD $DRIO $ARO
Investors Hangout
27 Aug 14 09:55:19
danrocks: $RAD Hitting Buzz $SWHC $EBAY $FCX $TQQQ $QIHU http://t.co/GatnknpQzq
Investors Hangout
27 Aug 14 09:55:18
danrocks: $RAD Hitting Buzz $SWHC $EBAY $FCX $TQQQ $QIHU http://t.co/LQITWMsJeJ
D3L
27 Aug 14 09:54:40
$RAD ADDED @ 6.35 .... Setup is right...
				
				
  +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.