Rite Aid Corporation (NYSE:RAD) has released the financial results for the third quarter of 2010. The company reported a net loss of $.10 per diluted share, a decrease from the previous year’s $.30 for the same period. It’s adjusted EBITDA was recorded as $254.2 million, just slightly down from the previous year’s $259.6 million during the same period. To read the full report, visit www.riteaid.com.
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The company held a conference call on Thursday, December 17 to review the financial results. Interested parties may hear a replay of the call by dialing 1.800.642.1687, or 1.706.645.9291 for international listeners, and enter the eight digit reservation number 44144544. A webcast is also available on the investor information page of the company’s website.
Rite Aid Corporation is a retail drugstore chain in the United States. The Company operates its drugstores in 31 states across the country and in the District of Columbia. As of February 28, 2009, it operated 4,901 stores. In its stores, the Company sells prescription drugs and an assortment of other merchandise, which it calls front-end products. During the fiscal year ended February 28, 2009 (fiscal 2009), prescription drug sales accounted for 67.2% of its total sales. The Company offers approximately 28,000 front-end products, which accounted for the remaining 32.8% of its total sales during fiscal 2009. Front end products include over-the-counter medications, health and beauty aids, personal care items, cosmetics, household items, beverages, convenience foods, greeting cards, seasonal merchandise, and other everyday and convenience products, as well as photo processing. It offers approximately 3,300 products under the Rite Aid private brand.
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