Rite Aid Corporation (NYSE:RAD) made available their notable quarterly results which have managed to boost the growing margins and hearty sales growth and also the projections of the earnings have headed towards the north. The company is the 3rd largest retail drugstore in the United States of America in terms of the number of stores it has and on the basis of its revenues as well. More than 255 of the United States of America’s population rely on Rite Aid Corporation stores on an annual basis. Out of the total sales earned in the year of 2013, the pharmacy operations have ranked up to 67.6% of the company’s total revenues.
The Rite Aid Corporation has reported its earnings results for the quarter which has ended on September 20th, 2013. It has been experienced that there has been a rise of 0.8% in the revenues which is mainly due to the rise in the same store sales. To some extent, this has been a result of the offset of closure of some of the stores. Talking about the quarter results, the company has experienced a $32.8 M net income in comparison with the $38.8 M net loss experienced by the company in the quarter report of 2012. The rise in the net income is mainly due to the rise in EBITDA and the decrease in the interest expenses. This was partly offset by loss on any debt retirement which has been experienced by the company.
Talking about the trading session of Rite Aid Corporation, the trading increased. Rite Aid Corporation is a retail drug store chain which operated in the United States of America. The company has been operating more than 4,623 stores across the country in 31 states and also in the district of Columbia.
