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Rite Aid Corp (RAD.N)

RAD.N on New York Stock Exchange

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15 Jan 2019
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Latest Key Developments (Source: Significant Developments)

Rite Aid Successfully Completes Refinancing Of Its Revolving Credit Facility
Thursday, 20 Dec 2018 

Dec 20 (Reuters) - Rite Aid Corp ::RITE AID SUCCESSFULLY COMPLETES REFINANCING OF ITS REVOLVING CREDIT FACILITY.RITE AID CORP - ENTERED INTO A NEW SENIOR SECURED CREDIT AGREEMENT, CONSISTING OF A $2.7 BILLION SENIOR SECURED ASSET-BASED REVOLVING CREDIT FACILITY.RITE AID CORP - NEW CREDIT AGREEMENT ALSO CONSISTING $450 MILLION "FIRST-IN, LAST OUT" SENIOR SECURED TERM LOAN FACILITY.RITE AID CORP - NEW $3.15 BILLION CREDIT FACILITIES REFINANCE RITE AID'S EXISTING $2.7 BILLION SENIOR SECURED ASSET-BASED REVOLVING CREDIT FACILITY.RITE AID CORP - NEW SENIOR SECURED CREDIT FACILITIES MATURE IN DECEMBER 2023.  Full Article

Provision Holding Announces Settlement Of Lawsuit Related To Rite Aid Agreement
Wednesday, 28 Nov 2018 

Nov 28 (Reuters) - Provision Holding Inc ::PROVISION HOLDING INC - SETTLEMENT OF LAWSUIT RELATED TO ITS COLLABORATION AGREEMENT WITH RITE AID.PROVISION HOLDING ANNOUNCES SETTLEMENT OF LITIGATION WITH RITE AID.PROVISION HOLDING INC - HAS BEEN AWARDED 100% OWNERSHIP OF ABOUT 650 KIOSKS THAT HAD BEEN DEPLOYED IN RITE AID STORES.PROVISION HOLDING- EXPECTS ALL KIOSKS TO BE RETURNED BY END OF 2018 &INTENDS TO REPURPOSE THESE KIOSKS, REDEPLOY THEM WITH VARIOUS RETAILERS IN 2019.  Full Article

Walgreens Boots Alliance Reports Fiscal Year 2018 Results
Thursday, 11 Oct 2018 

Oct 11 (Reuters) - Walgreens Boots Alliance Inc ::WALGREENS BOOTS ALLIANCE REPORTS FISCAL YEAR 2018 RESULTS.Q4 ADJUSTED EARNINGS PER SHARE $1.48.Q4 EARNINGS PER SHARE $1.55.Q4 EARNINGS PER SHARE VIEW $1.45 -- THOMSON REUTERS I/B/E/S.INTRODUCED GUIDANCE OF 7 PERCENT TO 12 PERCENT GROWTH IN FISCAL 2019 ADJUSTED EPS AT CONSTANT CURRENCY RATES.AT CURRENT EXCHANGE RATES THIS RESULTS IN AN ESTIMATED RANGE OF $6.40 TO $6.70 FOR FISCAL 2019 ADJUSTED EPS.INTEGRATION OF ACQUIRED RITE AID STORES IS ON TRACK.RETAIL PHARMACY INTERNATIONAL HAD Q4 SALES OF $2.9 BILLION, A DECREASE OF 1.9 PERCENT.RETAIL PHARMACY USA HAD Q4 SALES OF $25.5 BILLION, AN INCREASE OF 14.4 PERCENT OVER YEAR-AGO QUARTER.Q4 RETAIL PHARMACY INTERNATIONAL COMPARABLE PHARMACY SALES DECREASED 3.4 PERCENT ON A CONSTANT CURRENCY BASIS.QTRLY RETAIL PHARMACY USA SALES IN COMPARABLE STORES INCREASED 0.3 PERCENT COMPARED WITH SAME QUARTER A YEAR AGO.FISCAL 2019 GUIDANCE ALSO ASSUMES CONTINUED EXECUTION OF PREVIOUSLY ANNOUNCED $10 BILLION SHARE REPURCHASE PROGRAM.QTRLY SALES INCREASED 10.9 PERCENT TO $33.4 BILLION.Q4 REVENUE VIEW $33.78 BILLION -- THOMSON REUTERS I/B/E/S.FY2019 EARNINGS PER SHARE VIEW $6.45 -- THOMSON REUTERS I/B/E/S.  Full Article

International Brotherhood Of Teamsters Urges Rite Aid Corp Shareholders To Vote Against Say-On-Pay Proposal On October 30
Friday, 5 Oct 2018 

Oct 5 (Reuters) - Rite Aid Corp ::INTERNATIONAL BROTHERHOOD OF TEAMSTERS URGES RITE AID CORP SHAREHOLDERS TO VOTE AGAINST SAY-ON-PAY PROPOSAL ON OCTOBER 30 - SEC FILING.  Full Article

Rite Aid Announces Ratification Of 3-year Agreement With UFCW In Southern California
Tuesday, 2 Oct 2018 

Oct 2 (Reuters) - Rite Aid Corp ::RITE AID ANNOUNCES RATIFICATION OF THREE YEAR AGREEMENT WITH UFCW IN SOUTHERN CALIFORNIA.RITE AID CORP - ANNOUNCE RATIFICATION OF A 3-YEAR AGREEMENT WITH UFCW COVERING OVER 5,900 RITE AID ASSOCIATES.  Full Article

Rite Aid Corp - CEO John Standley's 2018 Pay Was $9.3 Mln Vs $8.1 Mln In 2017
Thursday, 27 Sep 2018 

Sept 27 (Reuters) - Rite Aid Corp ::RITE AID CORP - CEO JOHN T. STANDLEY'S 2018 TOTAL COMPENSATION WAS $9.3 MILLION VERSUS $8.1 MILLION IN 2017 - SEC FILING.RITE AID CORP SAYS BOARD HAS DECIDED TO SEPARATE THE POSITIONS OF CHAIRMAN AND CHIEF EXECUTIVE OFFICER - SEC FILING.RITE AID CORP SAYS BRUCE G. BODAKEN WILL HOLD THE POSITION OF CHAIRMAN EFFECTIVE AT THE 2018 ANNUAL MEETING OF STOCKHOLDERS.RITE AID - THREE OF CURRENT EIGHT INDEPENDENT DIRECTORS WILL NOT BE STANDING FOR RE-ELECTION AND WE ARE NOMINATING THREE NEW INDEPENDENT DIRECTORS.RITE AID CORP - BOARD FIRMLY BELIEVES THAT JOHN STANDLEY IS BEST SITUATED TO SERVE AS RITE AID'S CHIEF EXECUTIVE OFFICER.  Full Article

Rite Aid Q2 Loss Per Share $0.33 From Continuing Operations
Thursday, 27 Sep 2018 

Sept 27 (Reuters) - Rite Aid Corp ::RITE AID REPORTS FISCAL 2019 SECOND QUARTER RESULTS.Q2 ADJUSTED LOSS PER SHARE $0.01 FROM CONTINUING OPERATIONS.Q2 LOSS PER SHARE $0.33 FROM CONTINUING OPERATIONS.Q2 REVENUE $5.4 BILLION VERSUS I/B/E/S VIEW $5.36 BILLION.SEES FY 2019 REVENUE $21.7 BILLION TO $22.1 BILLION.Q2 EARNINGS PER SHARE VIEW $-0.01 -- THOMSON REUTERS I/B/E/S.CONFIRMING ITS FISCAL 2019 OUTLOOK FOR REVENUES, SAME STORE SALES, ADJUSTED EBITDA AND CAPITAL EXPENDITURES.2019 NET LOSS EXPECTED TO BE BETWEEN $440 MILLION AND $485 MILLION DUE TO IMPAIRMENT CHARGES INCURRED DURING THE QUARTER.  Full Article

Albertsons Companies And Rite Aid Mutually Agree To Terminate Merger Agreement
Thursday, 9 Aug 2018 

Albertsons Companies Inc ::ALBERTSONS COMPANIES AND RITE AID MUTUALLY AGREE TO TERMINATE MERGER AGREEMENT.ALBERTSONS - DISAGREE WITH CERTAIN RITE AID STOCKHOLDERS, THIRD-PARTY ADVISORY FIRMS THAT DID NOT BELIEVE CO WAS OFFERING SUFFICIENT MERGER CONSIDERATION.ALBERTSONS COMPANIES- CO WAS UNWILLING TO CHANGE TERMS OF MERGER.ALBERTSONS COMPANIES - REAFFIRMED ITS FISCAL 2018 OUTLOOK, WHICH INCLUDES AN EXPECTATION FOR ADJUSTED EBITDA OF $2.7 BILLION.  Full Article

Rite Aid, Albertsons Mutually Agree To Terminate Merger Agreement
Thursday, 9 Aug 2018 

Aug 8 (Reuters) - Rite Aid Corp ::RITE AID AND ALBERTSONS COMPANIES MUTUALLY AGREE TO TERMINATE MERGER AGREEMENT.EVALUATING GOVERNANCE CHANGES IN CONSULTATION WITH STOCKHOLDERS.SPECIAL MEETING OF RITE AID'S STOCKHOLDERS, WHICH WAS TO BE HELD ON AUGUST 9, 2018, WILL NOT TAKE PLACE.RITE AID WILL CONTINUE TO ENGAGE WITH STOCKHOLDERS TO ENSURE ALIGNMENT BETWEEN COMPANY AND ITS INVESTORS.RITE AID -UNDER TERMS OF MERGER AGREEMENT, NEITHER COS WILL BE RESPONSIBLE FOR PAYMENTS TO OTHER PARTY AS RESULT OF TERMINATION OF MERGER AGREEMENT.HEARD VIEWS EXPRESSED BY STOCKHOLDERS AND CO COMMITTED TO MOVING FORWARD AND EXECUTING STRATEGIC PLAN AS STANDALONE COMPANY.  Full Article

Rite Aid Sees FY 2019 Adjusted Loss Per Share $0.00 To $0.04
Monday, 6 Aug 2018 

Aug 6 (Reuters) - Rite Aid Corp ::RITE AID UPDATES FISCAL 2019 OUTLOOK.SEES FY 2019 ADJUSTED LOSS PER SHARE $0.00 TO $0.04.NET LOSS IS NOW EXPECTED TO BE IN A RANGE BETWEEN $125 MILLION AND $170 MILLION FOR FISCAL 2019.FISCAL 2019 OUTLOOK DOES NOT REFLECT IMPACT OF PROPOSED MERGER WITH ALBERTSONS COMPANIES, INC..GENERIC DRUG PURCHASING EFFICIENCIES WILL NOT MEET COMPANY'S EXPECTATIONS FOR YEAR.ADJUSTED EBITDA IS NOW EXPECTED TO BE IN A RANGE BETWEEN $540 MILLION AND $590 MILLION FOR FISCAL 2019.RITE AID - NOW EXPECTS GENERIC DRUG PURCHASING EFFICIENCIES TO BE ABOUT $80 MILLION LESS THAN WHEN CO ESTABLISHED FISCAL 2019 OUTLOOK.COMPANY'S 2019 OUTLOOK FOR SALES AND SAME STORE SALES REMAINS UNCHANGED.EXPECTATION FOR 2019 CAPITAL EXPENDITURES ALSO REMAINS UNCHANGED..FY2019 EARNINGS PER SHARE VIEW $0.03, REVENUE VIEW $21.74 BILLION -- THOMSON REUTERS I/B/E/S.  Full Article

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Walgreens' cost-cut plans aim to save more than $1 billion annually

Walgreens Boots Alliance Inc said on Thursday it would consolidate warehouses and shut some stores as part of a cost-cutting plan aimed at saving more than $1 billion annually.