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News   Press Releases

Benzinga Breakdown: Rite Aid Q1 Earnings

RADCQ, WBA | June 16, 2016

Rite Aid Corporation (NYSE: RAD) reported Q1 earnings this morning.

  • EPS $0.01 vs $ $0.05 Est, down 50 percent YoY
  • Salse $8.2B vs $8.26 Est, up 23.1 percent YoY
  • EBITDA $286M, down 4 percent YoY
  • Comps up 0.4 percent, compared to 0.6 percent drop in comps the previous quarter

Management still expects the planned merger with Walgreen’s Boots Alliance Inc (NASDAQ: WBA) to close in the second half of 2016.

© 2016 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

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