Company

Rite Aid Corporation

Headquarters: Camp Hill, PA, United States

Founded: September 12, 1962

Employees: 50,000

CEO: Ms. Heyward Rutledge Donigan B.A.

NYSE: RAD

Market Cap

$86.2 Million

USD as of July 1, 2023

Market Cap History

Rite Aid Corporation market capitalization over time

Evolution of Rite Aid Corporation market cap in the past 5 years

Market capitalizations are calculated from the opening stock price at the beginning of each month.

Market Cap History of Rite Aid Corporation

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)

Details

Headquarters:

30 Hunter Lane

Camp Hill, PA 17011

United States

Phone: 717-761-2633