Rite Aid loss narrows loss in Q1

Camp Hill, Pa. -- Rite Aid Corp. reported Thursday that it narrowed its loss in the first quarter to $28.1 million, from a loss of $63.1 million in the year-ago quarter.

Revenue rose 1.2% to $6.5 billion from $6.4 billion, edging Wall Street’s forecasted $6.47 billion in revenue.

Same-store sales increased 2.5% in the quarter.

“Our turnaround efforts continue to be successful as demonstrated by our sixth consecutive quarter of increased same-store sales,” said Rite Aid chairman, president and CEO John Standley. “The ground-breaking Wellness store format continued to gain traction.”

Rite Aid Problems

One thing that may be of help.
Rite Aid ads are the most jumbled mess that makes it too difficult to read.
In a comparison to the other two major national drug chains, Rite Aid is the least one to try to read, comprehend, and result in a consumer's shopping experience.
Their ads seem to say "lets see how many items we can cram into this area/page/flyer.
Rather than (perhaps)indicating how many items are on sale - the look of these mass-jammed looking presentations is a TURN-OFF.