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. To read our full disclosure, please go to: http://www.equities.com/disclaimer


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
$XOM
1 Apr 15 20:07:19
Stocks Trending Now: http://t.co/aF5xfF7x6I $ADXS $UUP $EA $VNR $WEN $XOM $RAD $XOM $HBI $GBX $WFC $GILD ~ … … http://t.co/DDu364Hu4w
Anthony
1 Apr 15 19:59:41
RT @WallStJesus: $RAD More C action
$XOM
1 Apr 15 19:53:42
Stocks Trending Now: http://t.co/aF5xfF7x6I $ADXS $UUP $EA $VNR $WEN $XOM $RAD $XOM $HBI $GBX $WFC $GILD ~ … http://t.co/DDu364Hu4w
$XOM
1 Apr 15 19:40:58
Stocks Trending Now: http://t.co/aF5xfF7x6I $ADXS $UUP $EA $VNR $WEN $XOM $RAD $XOM $HBI $GBX $WFC $GILD ~ http://t.co/DDu364Hu4w
Chasing Stars
1 Apr 15 19:39:50
$LATF Filings Click Here: http://t.co/3O3SM24Wca Also See: $MCGI $VOIS $XOP $RAD ~
Stock Forums
1 Apr 15 19:30:26
Stocks Trending Now: http://t.co/gLXIst6tkJ $ADXS $UUP $EA $VNR $WEN $XOM $RAD $XOM $HBI $GBX $WFC $GILD ~
dailystockplays.com
1 Apr 15 18:44:20
Elder Blue $RAD $SIRI $HAL $DBEF $XLE $KGC $BBRY $ZNGA $CSX $BBD $EZU $FITB $XOP $NVDA $AUY $CPN $SWN $MRVL $NLY $ALTR
Langan Stocks
1 Apr 15 18:36:12
$RAD Short Sales Updated Wednesday, April 1, 2015 9:03:21 PM $X $KO $ZIV $TBT http://t.co/XqOHZ2Vppn
Chasing Stars
1 Apr 15 18:27:28
$RAD Market Cap Click Here: http://t.co/EWyFkHLI7N Also See: $THCZ $NTEK $NBIX $SDS ~
Investors Hangout
1 Apr 15 18:04:54
$SLB Investor Opinions Click Here: http://t.co/3jL6vWx8fm Also See: $EFA $UCO $XLK $RAD ~
JMS
1 Apr 15 17:58:58
$ICPT $ACAD $TGTX $PPHM $KNDI $CDTI $VRNG $IDRA $CPRX $OXGN $RAD $SYN $SGYP $CEMP $BA $XON $TWTR $SCTY $ETRM $AMD $BMRN $JCP $MSTX Weeklist
KeeneOnTheMarket.com
1 Apr 15 16:55:18
RT @MarketWebs: The $RAD Halted!! April fools didn't go over as well as planned.... I thought it was funny though :-)
Web
1 Apr 15 16:54:40
The $RAD Halted!! April fools didn't go over as well as planned.... I thought it was funny though :-)
Langan Stocks
1 Apr 15 16:34:07
$WWWW Company Info Updated Wednesday, April 1, 2015 7:03:20 PM $MDCN $RAD $SUNE $DRYS http://t.co/bMYpIb7A9d
Mike Pisani
1 Apr 15 16:24:44
$RAD continues to see heavy call buying. http://t.co/zD6c3N34c8 @ktfast5
ProTradersNews
1 Apr 15 16:15:02
$RAD: Stock Traders Buy Large Volume of Call Options on Rite Aid (RAD): http://t.co/TJ8N8gfyja
WKRB News
1 Apr 15 16:11:27
Stock Traders Buy Large Volume of Call Options on Rite Aid $RAD http://t.co/nNqXVXcDhg
Stockaholics
1 Apr 15 15:53:10
Our Penny Stock Alerts Gained Over 1400% In Just Over 4 Months! Subscribe today: http://t.co/w9IKB0aLmu $INO $INNO $RAD
US Banking News
1 Apr 15 15:50:20
Stock Traders Purchase High Volume of Call Options on Rite Aid $RAD http://t.co/9iZGb2HGCF
ProVesting
1 Apr 15 15:45:04
$RAD: Stock Traders Purchase High Volume of Call Options on Rite Aid ...: http://t.co/rc0nIWRE02
Ticker Report
1 Apr 15 15:41:23
Stock Traders Purchase High Volume of Call Options on Rite Aid $RAD http://t.co/AOyvPVwMhU
StockenheimerSchmidt
1 Apr 15 15:38:54
$PPCH Gained As Much As 1005% Within 3 Days! Market News: http://t.co/oGWehWIJji $CWCO $RAD $HZNP
Rosner Stocks
1 Apr 15 15:37:10
$GPRO Stock Price Updated Wednesday, April 1, 2015 5:59:24 PM $RAD $WFC $GM $IBM http://t.co/3rOh60niqF
IH News Desk
1 Apr 15 15:31:42
$RAD Stock Price Updated Wednesday, April 1, 2015 6:10:56 PM $QLD $XLE $VNQ $AGG http://t.co/qMD8GmvysF
Stock Rocket
1 Apr 15 15:30:09
Platinum Members Saw Penny Stock Picks Gain Over 1400% In 4 Months! Go Platinum: http://t.co/PsSamxBW6M $ALTO $USA $RAD
Langan Stocks
1 Apr 15 14:31:39
$QCOM Financials Updated Wednesday, April 1, 2015 5:03:14 PM $SMH $ALK $GLD $RAD http://t.co/BDMRQSExgM
Shimon Blumenfeld
1 Apr 15 14:28:56
@chessNwine any thoughts on $RAD? Got back in at $7.40 and numbers are out in a week. I've enjoyed owning it on and off since $3
Penny Stockington
1 Apr 15 14:24:43
Our Penny Stock Pick On $THCZ Is Up Over 708% So Far! Big News: http://t.co/39U9QOlPqm $RAD $SBGI $MEG
Stock Rocket
1 Apr 15 14:01:30
Platinum Members Saw Penny Stock Picks Gain Over 1400% In 4 Months! Go Platinum: http://t.co/PsSamxBW6M $RAD $SBGI $MEG
Stock Dawgzz
1 Apr 15 13:56:19
$THCZ Is One Of The Best Penny Stocks With Over 700% Gains In 2 Months! Huge News: http://t.co/HKs1JUWRrN $ALTO $USA $RAD
StockenheimerSchmidt
1 Apr 15 13:47:51
$PPCH Gained As Much As 1005% Within 3 Days! Market News: http://t.co/oGWehWIJji $ALTO $USA $RAD
Stockaholics
1 Apr 15 13:43:23
Our Penny Stock Alerts Gained Over 1400% In Just Over 4 Months! Subscribe today: http://t.co/w9IKB0aLmu $CWCO $RAD $HZNP
Stock Dawgzz
1 Apr 15 13:32:53
$THCZ Is One Of The Best Penny Stocks With Over 700% Gains In 2 Months! Huge News: http://t.co/HKs1JUWRrN $CWCO $RAD $HZNP
Langan Stocks
1 Apr 15 13:30:33
$CHK Company Info Updated Wednesday, April 1, 2015 4:03:15 PM $NEM $NBG $HON $RAD http://t.co/AkB3f3q6uY
Stock Rocket
1 Apr 15 13:29:14
Platinum Members Saw Penny Stock Picks Gain Over 1400% In 4 Months! Go Platinum: http://t.co/PsSamxBW6M $CWCO $RAD $HZNP
Breaking News Now
1 Apr 15 13:25:06
$RAD: Rite Aid Earnings: 3 Questions We Want Answered: http://t.co/wvMNegum5l
Stock Rocket
1 Apr 15 13:23:53
Platinum Members Saw Penny Stock Picks Gain Over 1400% In 4 Months! Go Platinum: http://t.co/PsSamxBW6M $INO $INNO $RAD
Stock Dawgzz
1 Apr 15 13:07:15
$THCZ Is One Of The Best Penny Stocks With Over 700% Gains In 2 Months! Huge News: http://t.co/HKs1JUWRrN $RAD $SBGI $MEG
Investors Hangout
1 Apr 15 13:04:43
Stocks Trending Now: http://t.co/ge4HpDj3w8 $GRCU $CSCO $SLTD $CTIC $VLO $VZ $RAD $AMBA $XHB $GILD $CLDX $KRFT ~
  Sir Chasm
1 Apr 15 13:04:15
@OptionsTrader31 big volume $RAD Apr 17 $9 calls..lots of prior o/i....sold out?
Penny Stockington
1 Apr 15 13:04:00
Our Penny Stock Pick On $THCZ Is Up Over 708% So Far! Big News: http://t.co/39U9QOlPqm $ALTO $USA $RAD
Stock Forums
1 Apr 15 12:57:36
Stocks Trending Now: http://t.co/gLXIssORW9 $EGOH $EWZ $RAD $XLI $USO $XLE $TMF $LATF $UNG $ETFC $CNC $TQQQ ~
Stockaholics
1 Apr 15 12:54:58
Our Penny Stock Alerts Gained Over 1400% In Just Over 4 Months! Subscribe today: http://t.co/w9IKB0aLmu $RAD $SBGI $MEG
StockenheimerSchmidt
1 Apr 15 12:52:28
$PPCH Gained As Much As 1005% Within 3 Days! Market News: http://t.co/oGWehWIJji $INO $INNO $RAD
pennypicker
1 Apr 15 12:40:05
$RAD earnings next week on the eighth before bell 🔔
StockenheimerSchmidt
1 Apr 15 12:38:17
$PPCH Gained As Much As 1005% Within 3 Days! Market News: http://t.co/oGWehWr8rK $RAD $SBGI $MEG
optstrader
1 Apr 15 12:34:04
$RAD option vol blowing up big time in here in last 30 minutes. Lots of contracts hitting the tape.
Penny Stockington
1 Apr 15 12:27:46
Our Penny Stock Pick On $THCZ Is Up Over 708% So Far! Big News: http://t.co/39U9QOlPqm $CWCO $RAD $HZNP
Penny Stockington
1 Apr 15 12:21:28
Our Penny Stock Pick On $THCZ Is Up Over 708% So Far! Big News: http://t.co/39U9QOlPqm $INO $INNO $RAD
leahanne
1 Apr 15 12:13:57
Volume Alert - RAD 8.60 Rite Aid Corp $RAD Hit a high today of 8.76 Closing the day 14:49 at 8.60 -0.09 -1.04% http://t.co/f3XAIaL3H1
				
				
  +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.