Rite Aid Archives - CFO

Rite Aid Execs Depart in Sweeping Restructuring

Rite Aid Execs Depart in Sweeping Restructuring

The company is slashing about 400 corporate positions, and its CEO, CFO, and COO will exit as part of a leadership revamp.

By Lauren Muskett | March 13, 2019

Albertsons-Rite Aid Merger Called Off

Albertsons-Rite Aid Merger Called Off

Rite Aid shares fall amid questions about the pharmacy company's ability to compete with larger, well-capitalized rivals.

By William Sprouse | August 9, 2018

Pharmacy Sales Prescribe Growth for Walgreens

Pharmacy Sales Prescribe Growth for Walgreens

The drugstore chain's pharmacy same-store sales rose 5.1% in Q2, offsetting a 2.7% drop in retail comparable sales.

By Matthew Heller | March 28, 2018

Amazon Looms Over Albertsons-Rite Aid Deal

Amazon Looms Over Albertsons-Rite Aid Deal

The grocery store operator and the drugstore chain are combining to create a retailer with 4,350 pharmacy counters and $83 billion in annual revenue.

By Matthew Heller | February 20, 2018

Walgreens Scraps Rite Aid Merger

Walgreens Scraps Rite Aid Merger

Under a scaled-down deal, Walgreens would buy roughly half of Rite Aid’s stores.

By William Sprouse | June 29, 2017

Walgreens to Pay $2 Billion Less for Rite Aid

Walgreens to Pay $2 Billion Less for Rite Aid

The amended terms of the megamerger reflect the companies' efforts to obtain regulatory approval.

By Matthew Heller | January 30, 2017

Rite Aid Misses Estimates, Comp Sales Drop

Rite Aid Misses Estimates, Comp Sales Drop

Prescription reimbursement rates "remain our largest challenge and we expect that to continue for the remainder of the fiscal year," the company says.

By Matthew Heller | December 24, 2016

Rite Aid Swallows Tough Medicine in First Quarter

Rite Aid Swallows Tough Medicine in First Quarter

Drug reimbursement rate pressure leads to a $4.6 million net loss for the pharmacy chain.

By Katie Kuehner-Hebert | June 16, 2016

Rite Aid Posts 22% Revenue Increase

Human Capital & Careers

Rite Aid Posts 22% Revenue Increase

But the drugstore chain's same store-sales fell short of estimates in part due to the introduction of low-margin generic drugs.

By Matthew Heller | December 17, 2015

Walgreens Buys Rite Aid for $9.4 Billion

Walgreens Buys Rite Aid for $9.4 Billion

The combination of two of the three largest U.S. drug store chains continues a wave of industry consolidation spurred by the Affordable Care Act.

By Katie Kuehner-Hebert | October 28, 2015

CVS Jettisons a Cash Cow

CVS Jettisons a Cash Cow

The pharmacy chain isn't the first retailer to stop selling tobacco products, nor the first company to forgo a chunk of revenue.

By Marielle Segarra | February 7, 2014

Left at the Altar

Left at the Altar

Why some mergers just don't make it.

By Linda Corman | June 1, 1998