PROJ-SUN_1170x120_6-24-20

Heyward Donigan

Rite Aid Q3 results beat expectations

Rite Aid Q3 results beat expectations

CAMP HILL, Pa. — Rite Aid Corp. Thursday reported better-than-expected third quarter sales and earnings. The company also narrowed its fiscal 2020 earnings forecast while maintaining its revenue guidance. The results lifted the retailer’s shares more than 20% to over $10. For the quarter ended November 30, adjusted net income was $29.1 million, or 54 cents

Rite Aid names Jim Peters COO

Rite Aid names Jim Peters COO

CAMP HILL, Pa.  – Rite Aid announced on Thursday the appointment of Jim Peters as the company’s chief operating officer. Peters will lead all aspects of Rite Aid’s pharmacy and clinical strategy development and execution; health plan, health system and strategic corporate relationships; marketing and merchandising; corporate development, strategy and communications. “Jim is a seasoned

Rite Aid Q2 earnings beat forecasts but fall short of projections

Rite Aid Q2 earnings beat forecasts but fall short of projections

CAMP HILL, Pa. — Rite Aid’s second quarter earnings beat analysts’ forecasts, but overall and same-store sales fell short of projections. Under new chief executive officer Heyward Donigan the chain reported adjusted earnings per share of 12 cents, well ahead of Wall Street’s expectation of 7 cents. But the retailer’s revenue of $5.37 billion missed

Rite Aid appoints Heyward Donigan as CEO

Rite Aid appoints Heyward Donigan as CEO

CAMP HILL, Pa .— Rite Aid Corp. announced Monday that the board of directors has appointed Heyward Donigan as chief executive officer and a member of the board, effective immediately. As planned, John Standley will step down from his role as chief executive officer in connection with this announcement. “Today’s announcement is an important step