PP_1170x120_10-25-21

Rita Aid

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