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Rite Aid Corporation

5/18/2013, 8:33 AM ET

Quote & Headlines Market Currents StockTalk

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| On the move

Monday, May 6, 9:23 AM Pfizer (PFE) plans to start selling Viagra online, according to an AP report. The initiative could serve as a test run by Big Pharma over disrupting its current model to look at online distribution for treatments viewed as more embarrassing to buy in person. Drugstore operators (CVS, WAG, RAD) will be watching the development very carefully. PFE -0.1% premarket. 2 Comments [Healthcare, Consumer]
Tuesday, April 30, 10:04 AM A combined read of Redbook and ICSCS-Goldman's data on chain store sales indicates the late start to the spring season could take its toll on apparel sellers. Despite the choppy start to Q2, chain-store sales are still heading for a 2%-3% gain during the month compared to last year. Possible April winners: Drugstores [Walgreen (WAG), Rite Aid (RAD), CVS Caremark (CVS)] and wholesale clubs [Costco (COST), PriceSmart (PSMT), BJ's Wholesale]. Comment! [Consumer, U.S. Economy]
Friday, April 12, 10:22 AM Rite Aid (RAD +6.1%) shoots higher again after recording a tidy post-earning gain yesterday. Today, Raymond James added to the enthusiasm by chiming in with an upgrade to Outperform from Perform. Comment! [Consumer, On the Move]
Thursday, April 11, 12:49 PM Midday top 10 gainers: ACAD +55%. RNIN +26%. RAD +18%. ZUMZ +15%. MEA +13%. BIOL +12%. MGT +12%. PBTH +12%. MPAC +11%. TVL +11%.
Midday top 10 losers: LEDS -17%. FTNT -14%. ROYL -14%. NTIC -16%. HXM -11%. CREG -11%. PRMW -10%. GNVC -10%. SGYP -10%. OCZ -10%. Comment! [On the Move]
Thursday, April 11, 9:42 AM Shares of Rite Aid (RAD +11.2%) pop after the drug store operator beats profit estimates handily with its FQ4 report. The company is starting to benefit by the restructuring of parts of its stores into wellness centers with expanded health services. Comment! [Consumer, On the Move]
Thursday, April 11, 9:10 AM Premarket gainers: ACAD +43%. AMRS +15%. STEM +12%. RAD +12%. AEZS +11%. BYD +7%. BDSI +6%.
Losers: FTNT -18%. AFFY -10%. SGYP -10%. HPQ -6%. Comment! [On the Move]
Thursday, April 11, 7:14 AM More on Rite Aid's (RAD) FQ4: Same store sales fell 2% as pharmacty traffic fell off. SG&A expenses as a percentage of revenue rose 100 bps to 26%. During the quaarter, the company relocated four stores, remodeled 112 stores and closed 10 stores. The company sees FY14 revenue of $24.9B-$25.3B vs. $25.24B consensus. (PR) Comment! [Consumer, Earnings]
Thursday, April 11, 7:03 AM Rite Aid (RAD): FQ4 EPS of $0.13 beats by $0.12. Revenue of $6.5B beats by $0.03B. (PR) 2 Comments [Earnings, Breaking News]
Thursday, April 11, 12:05 AM Notable earnings before Thursday’s open: PIR, RAD Comment! [Earnings]
Wednesday, April 10, 5:30 PM Notable earnings before Thursday’s open: PIR, RAD Comment! [Earnings]
Thursday, April 4, 12:51 PM Health experts forecast this season's allergy season will be extremely harsh. As a result, drug store chains such as Rite Aid (RAD -3.7%), CVS Caremark (CVS +1.9%), and Walgreen (WAG +0.4%) are expecting a mild bounce in April store traffic due to the development. (Previous on March sales: WAG, RAD) Comment! [Consumer]
Thursday, April 4, 8:38 AM Rite Aid (RAD) announces same store sales fell 2% in March as an improvement in front-end store sales couldn't offset a drop in pharmacy sales due to the introduction of new generic drugs. The retailer says its prescription count at comparable stores was up 3% Y/Y. Comment! [Consumer]
Thursday, March 28, 9:18 AM Look for a new report from Consumer Reports on the cost of prescription drugs at retail chains to create some buzz. Analysis by the publication shows that consumers can save as much as $100 a month by comparison shopping. Costco (COST) came in the low end of the scale for generic drug prices while CVS Caremark (CVS) was the highest. Drugstore chains (WAG, RAD) could face increasing pricing pressure with big box retailers more willing to use low prices at their pharmacies as a traffic driver. 4 Comments [Consumer, Healthcare]
Friday, March 1, 7:14 AM Drugstore chains (WAG, CVS, RAD) continue to push further into healthcare to make up for lagging prescription drug sales. The latest development is an initiative by Rite Aid to open 58 stores which have in-store clinics where customers can interact with a doctor using a Web cam. Customers in Baltimore, Boston, Philadelphia, and Pittsburgh can pay $45 for a 10-minute consult with a doctor via a PC. 6 Comments [Consumer, Healthcare]
Tuesday, February 19, 12:37 PM CVS Caremark (CVS +2.6%) and Rite Aid (RAD +5.4%) both trade higher, riding the back of a strong quarter and promising guidance from Express Scripts. Sector peer Walgreen (WAG +0.9%) isn't quite keeping up despite a price target boost by Cantor Fitzgerald to $45. 2 Comments [Consumer, On the Move]
Thursday, February 7, 6:42 PM Rite Aid (RAD) gives an update on its previously announced debt refinancing transactions that would extend the maturity of a portion of its outstanding indebtedness and lower interest expense. The refinancing transactions are now expected to include an amendment and restatement of its existing revolving credit facility, plus refinancing of its $1.039B term loan due 2014 and a cash tender offer for its $410M of 9.750% senior secured notes due 2016 together with borrowings under the amended revolving credit facility. Shares -1.2% AH. 2 Comments [Consumer]

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