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Rite Aid Credit Put Option – AR Put – Receivables Put – Bankruptcy Protection

Rite Aid Credit Put Option – AR Put – Receivables Put – Bankruptcy Protection

Rite Aid Credit Put Option – AR Put – Receivables Put – Bankruptcy Protection | Trade Risk Strategies: 1-844-315-4985 

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Rite Aid posts losses in weak quarter

* Q3 EPS loss $0.09 vs $0.10 loss in prior year quarter

* Sales down 2.3 percent to $6.2 bln

* Sees larger year loss of $0.60 to $0.70/share

Rite Aid Corp. posted weak quarterly results as a slow flu season and higher workers’ compensation and insurance expenses hurt its results, the drugstore chain said on Thursday

The third-largest U.S. drugstore operator also darkened its full-year outlook to a loss of 60 cents per share to 74 cents per share, from a prior forecast for a loss of 46 cents to 67 cents.

Rite Aid reported a net loss for the third quarter, ended Nov. 27, of $79.1 million, or 9 cents per share, compared with a loss of $83.9 million, or 10 cents per share, for the same quarter a year ago.

Sales were down 2.3 percent to $6.2 billion. Sales at stores open at least a year were down 1.3 percent.

Bankruptcy Coverage on Rite Aid is Available | Call Trade Risk Strategies: 1-844-315-4985 

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