Rite Aid: Q1 Earnings Insights

Rite Aid RAD reported its Q1 earnings results on Thursday, June 29, 2023 at 07:00 AM.

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

Rite Aid beat estimated earnings by 50.0%, reporting an EPS of $-0.73 versus an estimate of $-1.46.

Revenue was down $362.00 million from the same period last year.

Last quarter the company missed on EPS by $0.47 which was followed by a 7.48% increase in the share price the next day.

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

Quarter	Q4 2023	Q3 2023	Q2 2023	Q1 2023
EPS Estimate	-0.77	-0.31	-0.55	-0.7
EPS Actual	-1.24	-0.14	-0.63	-0.6
Revenue Estimate	5.67B	5.94B	5.77B	5.75B
Revenue Actual	6.09B	6.08B	5.90B	6.01B

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.