Rite Aid Reports Q4 EPS of $(0.24) vs. $(0.24); Revenues $6.5B vs. $6.4B

Rite Aid Corporation RAD today reported financial results for the fourth quarter. For the fourth quarter, the company reported revenues of $6.5 billion, a net loss of $205.7 million or $0.24 per diluted share and adjusted EBITDA of $215.4 million or 3.3 percent of revenues. Results were positively impacted by improving same store sales trends, a lower LIFO charge and reduced SG&A costs offset by higher lease termination and impairment charges.