Rite Aid (NYSE:RAD) reported its Q4 earnings results on Thursday, April 20, 2023 at 07:00 AM.

Here's what investors need to know about the announcement.

Earnings

Rite Aid missed estimated earnings by 61.04%, reporting an EPS of $-1.24 versus an estimate of $-0.77.

Revenue was up $28.00 million from the same period last year.

Past Earnings Performance

Last quarter the company beat on EPS by $0.17 which was followed by a 5.91% drop in the share price the next day.

Here's a look at Rite Aid's past performance:

New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).

Guidance

Rite Aid management provided guidance for FY 2024, expecting earnings between $-4.93 and $-4.44 per share.

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.