Company
Rite Aid Corporation
Headquarters: Camp Hill, PA, United States
Founded: September 12, 1962
Employees: 50,000
CEO: Ms. Heyward Rutledge Donigan B.A.
Market Cap
$86.2 Million
USD as of July 1, 2023
Rite Aid Corporation Categories
United States Healthcare Pharmaceutical RetailersUnited States Healthcare United States Pharmaceutical Retailers
Top Competitors by Market Capitalization
Industry: Pharmaceutical Retailers
Sector:
| Company | Market Cap (USD) |
|---|---|
| Lilly | $808.65 B |
| Novo Nordisk | $622.07 B |
| UnitedHealth Group | $450.89 B |
| Johnson & Johnson | $350.63 B |
| Merck | $318.75 B |
Detailed Description
Rite Aid Corporation, through its subsidiaries, operates a chain of retail drugstores in the United States. The company operates through two segments, Retail Pharmacy and Pharmacy Services. The Retail Pharmacy segment sells prescription drugs and an assortment of other merchandise, including over-the-counter medications, health and beauty aids, personal care items, cosmetics, household items, food and beverages, greeting cards, seasonal merchandise, pet care, and other every day and convenience products, as well as brand and generic prescription drugs. It also operates retail clinics that provide treatment for common conditions; and provides preventative services. In addition, this segment offers healthcare coaching and disease management services. The Pharmacy Services segment provides integrated suite of pharmacy benefit management (PBM) offerings, including technology solutions, mail delivery services, specialty pharmacy, network and rebate administration, claims adjudication, and pharmacy discount programs, as well as drug benefits under the federal government's Medicare Part D program and insurance offerings for individuals and groups. This segment serves health plans, commercial employers, labor groups, and state and local governments. As of April 28, 2021, the company operated approximately 2,500 retail pharmacy locations in 17 states. Rite Aid Corporation was founded in 1962 and is headquartered in Camp Hill, Pennsylvania.
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Stocks & Indices
Rite Aid Corporation has the following listings and related stock indices.
Stock: NYSE: RAD wb_incandescent
Stock: FSX: RTA1 wb_incandescent
Product & Services
Pharmacy
Key People
Founder(s): Alex Grass
Heyward Donigan, President and CEO Jim Peters, COO Matt Schroeder, CFO
Financials
Revenue: US$24.04 billion (FY2021)
Operating income: US$47.14 million (FY2021)
Net income: US$−90.9 million (FY2021)
Total assets: US$9.335 billion (FY2021)
Total equity: US$615.2 million (FY2021)