Rite Aid (NYSE: RAD ) reported earnings on June 21. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended June 2 (Q1), Rite Aid met expectations on revenues and exceeded expectations on earnings per share.
Compared to the prior-year quarter, revenue improved slightly and GAAP loss per share dropped.
Gross margins increased, operating margins dropped, net margins increased.
Rite Aid booked revenue of $6.47 billion. The five analysts polled by S&P Capital IQ expected revenue of $6.46 billion on the same basis. GAAP reported sales were 1.2% higher than the prior-year quarter's $6.39 billion.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS came in at -$0.03. The two earnings estimates compiled by S&P Capital IQ anticipated -$0.05 per share. GAAP EPS were -$0.03 for Q1 compared to -$0.07 per share for the prior-year quarter.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 27.0%, 50 basis points better than the prior-year quarter. Operating margin was 0.9%, 70 basis points worse than the prior-year quarter. Net margin was -0.4%, 60 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $6.24 billion. On the bottom line, the average EPS estimate is -$0.08.
Next year's average estimate for revenue is $25.49 billion. The average EPS estimate is -$0.15.
The stock has a one-star rating (out of five) at Motley Fool CAPS, with 811 members out of 976 rating the stock outperform, and 165 members rating it underperform. Among 145 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 106 give Rite Aid a green thumbs-up, and 39 give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Rite Aid is hold, with an average price target of $1.99.
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