Rite Aid reports first fiscal year with net income since 2007
Cumberland County-based drug store chain Rite Aid Corp. reported Thursday net income in its fiscal fourth quarter and full fiscal year after losses last time around for both periods, according to a news release.
The results also are the first time Rite Aid has generated full-year net income since fiscal 2007.
The East Pennsboro Township-based company reported fourth quarter net income of $123.1 million, or 13 cents per diluted share, compared with a net loss in last year’s fourth quarter of $161.3 million, or 18 cents per diluted share.
Rite Aid reported for the full year net income of $118.1 million or 12 cents per diluted share compared with the prior fiscal year loss of $368.6 million or 43 cents per diluted share.