![]() This has benefited non-pharmacy sales, including beauty products, consumables, and general merchandise items. Drug retailers have seen increased foot traffic because of its Covid-19 vaccination services. Now, 21 national pharmacies are playing a role to vaccinate the general population. Walgreens and CVS played an early role as they partnered with the CDC to offer on-site Covid-19 vaccination services for residents of nursing homes and assisted living facilities. ![]() Drug retailers like Walgreens, CVS, and Rite Aid are playing a part in the Covid-19 testing and vaccination process. However, over the next 12 months, we have a neutral outlook as the competitive environment is evolving and intensifying and shifting consumer habits amid the pandemic could further pressure margins for drug retailers. Over the longer term, we have a positive outlook, in part due to an aging overall population, increases in life expectancy, increases in the availability of generic drugs, the continued development of innovative drugs, and increases in the number of individuals who are health insured. Our 12-month outlook on the drug retail subindustry is neutral. Rite Aid Corp does not currently pay a dividend. Analysts expect adjusted earnings to reach $-4.787 per share for the current fiscal year. Year-over-year quarterly sales growth most recently was 0.5%. Rite Aid Corp’s trailing 12-month revenue is $24.1 billion with a -3.1% profit margin. Rite Aid Corp does not have a meaningful P/E due to negative earnings over the last 12 trailing months. Read on to find out how ( RAD) grades on certain investment factors and determine whether it meets your investment needs.Īs of June 02, 2023, Rite Aid Corp had a $99.3 million market capitalization, putting it in the 35th percentile of companies in the Retailers - Drug industry. Learn more about whether Rite Aid Corp is a good stock to buy or sell based on recent news as well as its key financial metrics.
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