Rite Aid Reports Second Quarter 2011 Results

Rite Aid Corporation RAD today reported financial results for its fiscal second quarter ended August 28, 2010. --Second Quarter Net Loss of $0.23 per Diluted Share, Including $0.05 per Diluted Share due to Refinancing Costs, Compared to Prior Second Quarter Net Loss of $0.14 per Diluted Share --Second Quarter Adjusted EBITDA of $181.2 Million Compared to Adjusted EBITDA of $216.5 Million in Prior Second Quarter --Adjusted EBITDA Negatively Impacted by $26 Million or $0.03 per Diluted Share due to Growth Initiatives, Memorial Day Shift --Continued Strong Liquidity of $1.1 Billion at Quarter End