DALLAS, July 21, 2010 (GLOBE NEWSWIRE) -- MicroStockProfit.com announces an investment report featuring Rite Aid Corp. (NYSE:RAD). The report includes financial, comparative and investment analyses, and recent company news that you need to know to make an educated investment decision.
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The full report is available at: http://www.microstockprofit.com/lp/RAD
RAD is trading within its Bollinger Bands. This is a normal condition and suggests that the stock is neither overbought nor oversold relative to the recent price action.
Rite Aid Corp. (RAD) is a retail drugstore chain in the United States. The Company operates its drugstores in 31 states across the country and in the District of Columbia. As of February 28, 2009, it operated 4,901 stores. In its stores, the Company sells prescription drugs and an assortment of other merchandise, which it calls front-end products. During the fiscal year ended February 28, 2009 (fiscal 2009), prescription drug sales accounted for 67.2% of its total sales. The Company offers approximately 28,000 front-end products, which accounted for the remaining 32.8% of its total sales during fiscal 2009. Front end products include over-the-counter medications, health and beauty aids, personal care items, cosmetics, household items, beverages, convenience foods, greeting cards, seasonal merchandise, and other everyday and convenience products, as well as photo processing. It offers approximately 3,300 products under the Rite Aid private brand.
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In the report, the analyst notes:
"The Company reported revenues of $6.4 billion, a net loss of $73.7 million or $0.09 per diluted share and adjusted EBITDA of $249.8 million or 3.9% of revenues. Results benefited from a decrease in selling, general and administrative (SG&A) expenses as a percent of sales, partially offset by a decline in sales and gross margin.
"RAD recently announced that The Rite Aids in Perryman, MD, Tuscaloosa, AL, and Woodland, CA, pharmacy distribution centers are now VAWD accredited by the National Association of Boards of Pharmacy. The Verified-Accredited Wholesale Distributors (VAWD) program provides assurance that retail distribution facilities operate properly, are employing security and best practices for safely distributing prescription drugs from manufacturers to pharmacies.
To read the entire report visit: http://www.microstockprofit.com/lp/RAD
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