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Rite Aid Corp (RAD)

Rite Aid Corp (RAD)
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Rite Aid Corporation is on the front lines of delivering health care services and retail products to over one million Americans daily. It provides an array of whole being health products and services for the entire family through retail pharmacies across states. Through Elixir, pharmacy benefits manager, it provides pharmacy benefits and services nationwide. Its key accomplishments include: i) advancing pharmacy strategy, including rebranding retail stores and Elixir, ii) launching a new member portal at Elixir, iii) expanding business, iv) introducing three flagship remodels and v) expanding COVID-19 testing and vaccinations. The company initiates a strategic plan named RxEvolution, which includes significant rebranding, a merchandising overhaul, new marketing and integration and operational initiatives, in both Retail Pharmacy and Pharmacy Services segments.
(Values in U.S. Thousands) May, 2023 Feb, 2023 Nov, 2022 Aug, 2022 May, 2022
Sales 5,653,160 6,092,900 6,083,350 5,901,070 6,014,580
Sales Growth -7.22% +0.16% +3.09% -1.89% -0.84%
Net Income -306,720 -241,310 -67,140 -331,290 -110,190
Net Income Growth -27.11% -259.41% +79.73% -200.65% +71.68%
(Values in U.S. Thousands) May, 2023 Feb, 2023 Nov, 2022 Aug, 2022 May, 2022
Total Assets 7,650,420 7,527,360 8,209,770 8,367,130 8,549,770
Total Assets Growth +1.63% -8.31% -1.88% -2.14% +0.24%
Total Liabilities 8,597,870 8,169,140 8,613,510 8,703,520 8,558,150
Total Liabilities Growth +5.25% -5.16% -1.03% +1.70% +1.52%
(Values in U.S. Thousands) May, 2023 Feb, 2023 Nov, 2022 Aug, 2022 May, 2022
Operating Cash Flow -372,540 -52,440 -318,850 -451,460 -252,240
Operating Cash Flow Growth -610.41% +83.55% +29.37% -78.98% -166.51%
Net Cash Flow -21,620 117,430 63,330 7,090 16,340
Change in Net Cash Flow -118.41% +85.43% +793.23% -56.61% +113.48%
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