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Rite Aid Corporation

Industry: Drug Stores

Fortune Rank: 89

For the 26 weeks ended 27 August 2005, Rite Aid Corporation's revenues decreased less than 1% to $8.35B. The Company's net income applicable to Common for the period decreased 86% to $8.2M. Revenues reflect a decrease in same store pharmacy sales due to a decrease in the number of prescriptions filled. Earnings also suffered from increases in pharmacy labor, advertising expenses and securitization program fees.

Rite Aid Corporation is a retail drugstore chain in the United States. The Company operates its drugstores in 28 states across the country and in the District of Columbia. As of February 26, 2005, it operated 3,356 stores. In its stores, the Company sells prescription drugs and a wide assortment of other merchandise, which it calls front-end products. 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 numerous other everyday and convenience products, as well as photo processing. It offers approximately 2,400 products under the Rite Aid private brand.

Rite Aid Corporation

Rite Aid Corporation achieved revenue of $26,289.50 million in 2010 but posted a loss of $-2,915.40 million.

Rite Aid Corporation' rank improves

The company ranking improved in 2010, moving up the Fortune 500 list to 89th compared to 100th in 2009. This was based on its 2009 revenue of $24,418 million (a change of 2 million compared to 2010) and profits of $-1,079 million (a change of $-1 million compared to 2009).

Another point of view

To many investors, profits are more important than revenue a company earns, If the Fortune 500 was ranked by profits instead of revenue then Rite Aid Corporation would be ranked 489th rather than 89th due to the fact it made a loss of $-2,915 million in 2010.

* US$ Million

• Address
  • Rite Aid Corporation
    30 Hunter Ln
    Harrisburg
    PA
    17011
• Contact Details
  • Phone: 717-761-2633
  • Fax: 717-975-5871
  • Website: www.riteaid.com
  • Stock Symbol: RAD

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