Rite Aid Corporation (RADCQ)
| Market Cap | 11.40M |
| Revenue (ttm) | 23.73B |
| Net Income (ttm) | -946.46M |
| Shares Out | 56.43M |
| EPS (ttm) | -17.24 |
| PE Ratio | n/a |
| Forward PE | n/a |
| Dividend | n/a |
| Ex-Dividend Date | n/a |
| Volume | 1,063,075 |
| Open | 0.185 |
| Previous Close | 0.180 |
| Day's Range | 0.180 - 0.240 |
| 52-Week Range | 0.115 - 0.500 |
| Beta | 1.29 |
| Analysts | n/a |
| Price Target | n/a |
| Earnings Date | n/a |
About RADCQ
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 provides various other pharmacy services and an assortment of products comprising over-the-counter medications, health and beauty aids, personal care products, seasonal merchandise, cosmetics, household items, food and beverages, greeting cards, seasonal and seasonal merchandise, pet care, and a variet... [Read more]
Financial Performance
In 2022, Rite Aid's revenue was $24.09 billion, a decrease of -1.94% compared to the previous year's $24.57 billion. Losses were -$749.94 million, 39.3% more than in 2021.
Financial StatementsNews
Rite Aid Bids Goodbeye To 200 Stores Since Bankruptcy Filing
Rite Aid has closed about 200 stores since its filing two months ago for Chapter 11 bankruptcy protection with potentially more retail locations to close in coming weeks and months.
FTC Crackdown on Rite Aid Over Facial Recognition Is a Lesson on Risks of AI
The FTC handed the retailer a five-year ban on using facial recognition technology for surveillance.
Rite Aid barred from using facial recognition tech after thousands falsely flagged as shoplifters
Rite Aid, which filed for Chapter 11 bankruptcy protection in October, deployed artificial intelligence-based facial recognition technology from 2012 to 2020.
Rite Aid is banned from using facial recognition in its stores after the FTC said it falsely flagged thousands of shoppers as potential criminals
The FTC banned Rite Aid from using facial recognition technology in its stores for five years. The software was meant to alert staff when suspected criminals entered Rite Aid stores.
Rite Aid to be barred from using facial recognition under proposed FTC settlement
CNBC's Becky Quick reports on the latest news.
FTC bans Rite Aid's use of AI facial recognition over lack of consumer protections
The FTC and Rite Aid announced a settlement banning Rite Aid from using AI-powered facial recognition technologies for 5 years after the pharmacy chain's prior system lacked safeguards.
Rite Aid banned from using AI facial recognition
WASHINGTON, Dec 19 (Reuters) - Bankrupt U.S. pharmacy chain Rite Aid will be prohibited from using facial recognition technology for surveillance purposes for five years to settle U.S. Federal Trade C...
Rite Aid Banned From Using AI Facial Recognition Technology For 5 Years After False Shoplifting Match Allegations
The Federal Trade Commission announced Tuesday that, as part of a proposed settlement, it is banning convenience store chain Rite Aid from using facial recognition technology for surveillance purposes...
US pharmacy chain Rite Aid agrees to bankruptcy mediation, gets loan approval
NEW YORK, Dec 19 (Reuters) - Pharmacy chain Rite Aid received court approval on Tuesday for a bankruptcy loan that would let the company borrow an additional $200 million, while agreeing to enter medi...
FTC bans Rite Aid from using facial recognition surveillance for five years
The FTC alleges that from 2012 until 2020, Rite Aid scanned the faces of shoppers across hundreds of locations to identify suspected thieves.
Rite Aid prohibited from using facial-recognition technology as part of FTC settlement
Rite Aid Corp. RADCQ, -0.31% said Tuesday it has reached a settlement with the Federal Trade Commission after the agency alleged the retail chain falsely tagged consumers, particularly women and peopl...
FTC Bans Rite Aid From Using AI Facial Recognition Technology In Settlement
The Federal Trade Commission said Rite Aid will be "prohibited from using facial recognition technology for surveillance purposes for five years" as part of a settlement of charges that the retailer f...
Rite Aid Reaches Settlement with FTC
PHILADELPHIA--(BUSINESS WIRE)--Rite Aid Corporation (OTC: RADCQ) (“Rite Aid” or the “Company”) today announced it has reached a comprehensive settlement agreement with the U.S. Federal Trade Commissio...
Rite Aid's Holly, Jolly Holiday How To's
PHILADELPHIA--(BUSINESS WIRE)--There's no denying the holidays are an unforgettable time of year with so many seasonal staples like family gatherings, gift exchanges, recipe traditions, and even the l...
Bankrupt Rite Aid is closing another 31 stores: Full list and map of doomed locations
The stores, listed in a recent bankruptcy filing, are largely concentrated on the West Coast, Northeast, Pacific Northwest, and Midwest regions. Back in October, Rite Aid announced it would be closing...
Rite Aid Helps Customers Prioritize Immunity During Busy Holiday Season with Flu Shot Fridays
PHILADELPHIA--(BUSINESS WIRE)--It's the season to spread holiday cheer – not the flu. Throughout December, Rite Aid (OTC: RADCQ) will offer Flu Shot Fridays at select locations, providing a convenient...
Rite Aid Pharmacists Now Have Prescriptive Authority for Hormonal Contraceptives in Five States
PHILADELPHIA--(BUSINESS WIRE)--Rite Aid Corporation (OTC: RADCQ) today announced that customers in California, Maryland, New Hampshire, Nevada and Oregon can now receive prescribed hormonal contracept...
Robbins Geller Rudman & Dowd LLP Announces Proposed Settlement in the Rite Aid Securities Litigation
SAN DIEGO--(BUSINESS WIRE)--The following statement is being issued by Robbins Geller Rudman & Dowd LLP regarding the Rite Aid Securities Litigation: UNITED STATES DISTRICT COURT MIDDLE DISTRICT OF PE...
Bankrupt Rite Aid sues US Justice Dept to stop opioid lawsuit
Rite Aid sued the U.S. Department of Justice on Thursday, seeking to stop a lawsuit alleging that the bankrupt pharmacy chain ignored red flags and illegally filled hundreds of thousands of prescripti...
What Leaders Can Learn From Rite Aid's Bankruptcy
Executives in any business can learn from the pharmacy giant's collapse.
Rite Aid to Honor Military Service Members with Veteran Appreciation Discount
PHILADELPHIA--(BUSINESS WIRE)--Rite Aid (OTC: RADCQ) is proud to recognize the service and sacrifice of all veterans and active military personnel this Veterans' Day by offering a “Veteran Appreciatio...
Rite Aid to Offer After Work Wednesday Walk-In Clinic
PHILADELPHIA--(BUSINESS WIRE)--With fall routines and busy schedules in full swing, it can be tough to focus on your health. Rite Aid (OTC: RADCQ) makes it easy to keep your health a priority by offer...
Rite Aid Rides a Hot 2023 Trend: Going Bankrupt
So far this year, companies filing for bankruptcy are twice that of 2022, and a hair short of pandemic 2020. The biggest group of filers: consumer-discretionary companies, like Rite Aid.
Walgreens to settle Rite Aid investors' merger claims for $192 million
Walgreens Boots Alliance has agreed to pay $192.5 million to settle a class action lawsuit by investors in Rite Aid who accused Walgreens of misleading them in 2017 about scrutiny of the two drugstore...
Rite Aid closing 154 stores in 15 states: Here's the list
Rite Aid is shuttering over 150 stores as it seeks to restructure their business following years of legal issues tied to the opioid crisis and sagging sales.