Rite Aid narrow loss in Q4
Camp Hill, Pa. -- Rite Aid Corp. reported Thursday that narrowed its loss in the fourth quarter to $208.1 million, compared with a loss of $210.6 million in the year-ago period.
The drugstore operator cited stabilized revenue for the slight improvement.
Revenue during the quarter was unchanged at $6.46 billion. Wall Street expected $6.41 billion in revenue.
Same-store sales edged up 1% in the fourth quarter.
In the fourth quarter, the company closed 17 stores, relocated four and remodeled two.