Rite Aid RAD reported its Q1 earnings results on Thursday, June 29, 2023 at 07:00 AM.
Here's what investors need to know about the announcement.
Earnings
Rite Aid beat estimated earnings by 50.0%, reporting an EPS of $-0.73 versus an estimate of $-1.46.
Revenue was down $362.00 million from the same period last year.
Past Earnings Performance
Last quarter the company missed on EPS by $0.47 which was followed by a 7.48% increase in the share price the next day.
Here's a look at Rite Aid's past performance:
| Quarter | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 |
|---|---|---|---|---|
| EPS Estimate | -0.77 | -0.31 | -0.55 | -0.7 |
| EPS Actual | -1.24 | -0.14 | -0.63 | -0.6 |
| Revenue Estimate | 5.67B | 5.94B | 5.77B | 5.75B |
| Revenue Actual | 6.09B | 6.08B | 5.90B | 6.01B |
To track all earnings releases for Rite Aid visit their earnings calendar here.
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