Rite Aid's fiscal second-quarter earnings results met Wall Street's expectations, while its revenue slightly surpassed them.
Here's how Rite Aid did compared with what Wall Street analysts polled by Thomson Reuters expected:
- Adjusted losses: 1 cent per share vs. 1 cent per share
- Revenue: $5.42 billion vs. $5.36 billion
The company reported a net loss of $352.3 million, or 33 cents per share. When stripping out one-time events like the impairment charge, the company reported a loss $7.9 million or 1 cent per share, which was in-line with what analysts polled by Thomson Reuters had expected.
Rite Aid said it incurred $282.6 intangible asset impairment charges related to its pharmacy services segment.
The drugstore chain's revenue hit $5.42 billion, slightly above the $5.36 billion Wall Street had anticipated.
Same-store sales increased 1 percent from the same quarter last year, including a 1.6 percent increase in pharmacy sales and a 0.1 percent decrease in front-end sales.
Rite Aid's adjusted earnings before interest, taxes, depreciation, and amortization were $148.6 million, compared with $136.9 million from the previous year.
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