Rite Aid (NYSE:RAD) reported its Q1 earnings results on Thursday, June 23, 2022 at 07:00 AM.
Here's what investors need to know about the announcement.
Earnings
Rite Aid beat estimated earnings by 14.29%, reporting an EPS of $-0.6 versus an estimate of $-0.7.
Revenue was down $146.00 million from the same period last year.
Past Earnings Performance
Last quarter the company missed on EPS by $1.07 which was followed by a 3.6% drop in the share price the next day.
Here's a look at Rite Aid's past performance:
| Quarter | Q4 2022 | Q3 2022 | Q2 2022 | Q1 2022 |
|---|---|---|---|---|
| EPS Estimate | -0.56 | -0.14 | -0.48 | 0.22 |
| EPS Actual | -1.63 | 0.15 | -0.41 | 0.38 |
| Revenue Estimate | 5.95B | 6.32B | 6.21B | 6.21B |
| Revenue Actual | 6.07B | 6.23B | 6.11B | 6.16B |
To track all earnings releases for Rite Aid visit their earnings calendar here.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
