Rite Aid Corp (Rite Aid) is a retail drugstore chain that sells prescription drugs and other merchandise such as over-the-counter medications, personal care items, health and beauty aids, cosmetics, food and beverages, greeting cards, household items, grocery, pet care and seasonal merchandise. Rite Aid’s service portfolio includes pharmacy-related solutions, including fully integrated mail order and specialty pharmacy services. The company’s stores are integrated into a common pharmacy system, which enables customers to fill or refill prescriptions in any of its stores throughout the US. It operates through subsidiaries and retail drugstores in the US. The company serves employers, insurance companies, unions, government employee groups, health plans, Medicare plans, and other sponsors of health benefit plans, and individuals. Rite Aid is headquartered in Camp Hill, Pennsylvania, the US.
Headquarters
United States of America
Address
30 Hunter Ln, Camp Hill, Pennsylvania, 17011-2400
Website
www.riteaid.com
Telephone
1 717 7612633
No of Employees
53,000
Industry
Retailing
Ticker Symbol & Exchange
RAD (NYSE)
Revenue (2022)
$24.0B
EPS
XXX
Market Cap*
$312.7M
Net Profit Margin (2021)
XXX
81.6%
* As of and is in US$
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Products and Services
| Products | Services | Brands |
|---|---|---|
| Prescribed Drugs | Insurance Services | Rite Aid |
| Health and Beauty Aids | Pharmacy Services | |
| Vitamins and Supplements | ||
| XXX | ||
| XXX | ||
| XXX |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
| Year | Event | Description |
|---|---|---|
| 2022 | Contracts/Agreements | In May, the company and Afterpay entered into a partnership to offer Buy Now, Pay Later on everyday items. |
| 2022 | Others | In April, the company rejected a buyout offer made by Spear Point Capital Management for US$3.6 billion. |
| 2022 | Contracts/Agreements | In April, the company and Beyond Meat, Inc announced the introduction of the Beyond Burger and Beyond Meatballs at approximately 2,000 stores nationwide. |
Competitor Comparison
| Key Parameters | Rite Aid Corp | Walmart Inc | CVS Health Corp | The Kroger Co | Walgreens Boots Alliance Inc |
|---|---|---|---|---|---|
| Headquarters | United States of America | United States of America | United States of America | United States of America | United States of America |
| City | Camp Hill | Bentonville | Woonsocket | Cincinnati | Deerfield |
| State/Province | Pennsylvania | Arkansas | Rhode Island | Ohio | Illinois |
| No. of Employees | 53,000 | 2,300,000 | 300,000 | 420,000 | 202,000 |
| Entity Type | Public | Public | Public | Public | Public |
Key Financial Charts
Sales Growth
Net Income Growth
Operating Margin
EPS (Earnings per Share)
Debt to Equity Ratio
Return on Assets
Executives
| Name | Position | Board | Since | Age |
|---|---|---|---|---|
| Bruce G. Bodaken | Chairman | Executive Board | 2018 | 70 |
| Heyward Donigan | President; Director; Chief Executive Officer | Executive Board | 2019 | 61 |
| Matthew Schroeder | Executive Vice President; Chief Financial Officer | Senior Management | 2019 | 52 |
| Brian Hoover | Chief Accounting Officer | Senior Management | 2019 | 57 |
| Jessica Kazmaier | Chief Human Resources Officer; Executive Vice President | Senior Management | 2019 | 45 |
| Non Dignissim Eros | Proin vel | Convallis | 2022 | XX |
| Non Dignissim Eros | Proin vel | Convallis | 2022 | XX |
| Non Dignissim Eros | Proin vel | Convallis | 2022 | XX |
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