Recap: Rite Aid Q4 Earnings

Rite Aid 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.

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.

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:

Quarter	Q3 2023	Q2 2023	Q1 2023	Q4 2022
EPS Estimate	-0.31	-0.55	-0.7	-0.56
EPS Actual	-0.14	-0.63	-0.6	-1.63
Revenue Estimate	5.94B	5.77B	5.75B	5.95B
Revenue Actual	6.08B	5.90B	6.01B	6.07B

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).

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.