Company Profile For Rite Aid Corporation

Rite Aid Corporation is a retail drugstore chain in the United States. The Company operates its drugstores in 31 states across the country and in the District of Columbia. As of February 28, 2009, it operated 4,901 stores. In its stores, the Company sells prescription drugs and an assortment of other merchandise, which it calls front-end products. During the fiscal year ended February 28, 2009 (fiscal 2009), prescription drug sales accounted for 67.2% of its total sales. The Company offers approximately 28,000 front-end products, which accounted for the remaining 32.8% of its total sales during fiscal 2009. Front end products include over-the-counter medications, health and beauty aids, personal care items, cosmetics, household items, beverages, convenience foods, greeting cards, seasonal merchandise, and other everyday and convenience products, as well as photo processing. It offers approximately 3,300 products under the Rite Aid private brand.

BRIEF: For the twenty six weeks ended 29 August 2009, Rite Aid Corporation's revenues decreased 2% to $12.85B. Net loss applic. to Common decreased 43% to $386.8M. Revenue reflects a reduction in the store base and a decline in same store sales. Lower loss reflects a substantial decrease in selling, general & administrative expenses, lower Cost of goods sold and the presence of gain on sale of assets vs. a loss.