Benzinga Breakdown: Rite Aid Q1 Earnings

Rite Aid Corporation 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 WBA to close in the second half of 2016.