Rite Aid (NYSE: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.

Earnings

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.

Past Earnings Performance

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:

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.