Recap: Rite Aid Q1 Earnings

 

Shares of Rite Aid (NYSE:RAD) moved higher by 2.4% in pre-market trading after the company reported Q1 results.

Quarterly Results

Earnings per share were up 1050.00% over the past year to $0.38, which beat the estimate of $0.22.

Revenue of $6,161,000,000 rose by 2.22% year over year, which missed the estimate of $6,210,000,000.

Guidance

Rite Aid said it sees FY22 sales of $25.1 billion-$25.5 billion and adjusted EPS of $(0.79)-$(0.24).

Details Of The Call

Date: Jun 24, 2021

Time: 12:00 PM

ET Webcast URL: https://investors.riteaid.com/events-and-presentations/event-details/2021/Rite-Aids-FY22-First-Quarter-Earnings/default.aspx

Recent Stock Performance

52-week high: $32.48

Company's 52-week low was at $8.86

Price action over last quarter: Up 18.48%

Company Description

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