What Rite Aid's Earnings Mean For Mutual Fund Investors (RAD)

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What Rite Aid's Earnings Mean For Mutual Fund Investors (RAD)

Shauna O'Brien Apr 08, 2015



Inside RAD’s Results


The company reported earnings of $1.835 billion, or $1.79 per share, up from $55.4 million, or 6 cents per share, last year. Analysts expected to see EPS of 7 cents.

Revenue
Revenue increased to $6.85 billion from $6.60 billion last year. Analysts expected to see revenue of $6.80 billion.

Outlook
Looking ahead, RAD expects to see FY2016 EPS between 19 cents and 27 cents.


Expanding Health & Wellness Business


Like other drug companies, Rite Aid is expanding its pharmacy and wellness business to boost sales. During the quarter, prescription sales grew 3.5%; this business segment accounted for 68.1% of total sales.


Mutual Funds to Watch



The Bottom Line


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