Rite Aid Q1 Adjusted EPS $(0.73) Beats $(1.46) Estimate, Sales $5.65B Beat $5.32B Estimate
Portfolio Pulse from Benzinga Newsdesk
Rite Aid reported Q1 adjusted EPS of $(0.73), beating the estimate of $(1.46) by 50%. The company also reported quarterly sales of $5.65B, beating the estimate of $5.32B by 6.26%. However, this represents a 6.02% decrease over sales of $6.01B from the same period last year.
June 29, 2023 | 11:02 am
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NEUTRAL IMPACT
Rite Aid's Q1 results beat estimates, which could positively impact the stock. However, the YoY decrease in sales could offset this positive impact.
Rite Aid's better-than-expected Q1 results could boost investor confidence and positively impact the stock. However, the YoY decrease in sales indicates potential underlying issues that could negatively impact the stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100