Dec 18, 2015
Rite Aid Earnings Fall Despite Good Results
Rite Aid Earnings Fall Despite Good Results
Rite Aid reported a significant increase in in-store sales during its third quarter.
Rite Aid drugstore chain reported that during its third quarter, net profits fell 43% due to higher spending on taxes, but that in-store sales had a significant increase.
Net income for the quarter ending Nov. 28 was $ 59.5 million compared to 104.8 million a year ago.
Diluted earnings per share, after adjusting…
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