Thursday, April 10, 2014

Rite Aid reports 110% increase in yearly Net income

Rite Aid just reported that their yearly income increased over 110% from 249.4 million for the year ending March 1, 2014, compared to 118.1 million last year.  Rite Aid's stock price soars pre-market to $7 a share, after closing yesterday at $6.40 a share.  Rite Aid's recent acquisitions of Health Dialog and RediClinic, plus expanded partnership with McKesson and continued commitment to investing in their store base have positioned them to transition their strategy from turnaround to growth as they aggressively pursue opportunities to become a growing retail healthcare company.  Here is a link to Rite Aid's SEC 8K Filing
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