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