6/20/2023 0 Comments Stocks rad![]() ![]() Alongside this, it launched a loyalty program to improve front-end margins, expanded its brands and enhanced PBM margins via its new rebate aggregation agreement. ![]() Rite Aid’s Stores of the Future and the acquisition of Bartell are anticipated to have helped expand the customer base. Rite Aid has been focusing on strengthening its foothold in mid-market PBM, innovating across its retail and mail-order pharmacy channels, enhancing the in-store experience by curating digital offerings, improving merchandise, and rebranding its image with a new logo. Continued strength in on-demand delivery, third-party marketplaces, and buy online, pick up at store options are likely to have aided the company’s performance in the to-be-reported quarter. The company has been focused on accelerating growth of ’s e-commerce sales and expanding its buy online, pick up at store offerings. RAD launched the Buy Online Pickup In Store initiative to offer better drive-through and curbside pickup options. It has also been providing pickup and drive-through services for prescriptions and over-the-counter products at its stores. ![]() Rite Aid has been gaining from its expanded home delivery service to customers with an eligible prescription, with the benefit of a zero delivery fee. The company has a trailing four-quarter earnings miss of 38.1%, on average. In the last reported quarter, RAD witnessed a positive earnings surprise of 56.3%. The Zacks Consensus Estimate for its fiscal fourth-quarter revenues is pegged at $5.7 billion, suggesting a 6% decline from the prior-year quarter’s reported figure of $6.1 billion. The consensus mark has been unchanged in the past 30 days. The Zacks Consensus Estimate for the fiscal fourth-quarter bottom line is pegged at a loss of 77 cents, suggesting growth of 52.8% from the loss of $1.68 reported in the year-ago quarter. Rite Aid Corporation ( RAD Quick Quote RAD - Free Report) is scheduled to report fourth-quarter fiscal 2023 results on Apr 20, before the opening bell. ![]()
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