DALLAS, Oct. 19, 2009 (GLOBE NEWSWIRE) -- StockPreacher.com announces an investment report featuring Rite Aid Corp. (NYSE:RAD). The report includes financial and investment analysis, analyst consensus, and pertinent industry information you need to know to make an educated investment decision.
The investment report on Rite Aid Corp. (NYSE:RAD) should be of particular interest to comparable pharmaceutical/retail specialty companies: CVS Caremark Corp. (NYSE:CVS), Walgreen Co. (NYSE:WAG), PharMerica Corp. (NYSE:PMC) and Wal-Mart Stores Inc. (NYSE:WMT).
The full report is available at: http://www.stockpreacher.com/n/RAD
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Rite Aid Corp. (RAD), through its subsidiaries, operates retail drugstores. Its drugstores primarily provide pharmacy services. The Company sells prescription drugs and front-end products. It offers approximately 28,000 front-end products, which include over-the-counter medications, health and beauty aids, personal care items, cosmetics, household items, beverages, convenience foods, greeting cards, seasonal merchandise, and various other everyday and convenience products, as well as photo processing.
Message Board Search for RAD: http://www.boardcentral.com/boards/RAD
In the report, the analyst notes:
"RAD is one of the nation's leading drugstore chains with approximately 4,812 stores in 31 states and the District of Columbia, with fiscal 2009 annual revenues of more than $26.3 billion. The Company operates most of its drug stores on the east and west coasts of the U.S. The Company reported the ninth consecutive quarterly net loss in August 2009. RAD has been reducing its debt level, closing some stores, revamping others and renegotiating some leases.
"The U.S. retail sales excluding those for autos rose for a second month in September, raising cautious optimism consumer spending could support the economy's fledgling recovery. Non-auto sales rose a stronger-than-expected 0.5% last month, according to a Commerce Department report, building on the 1% gain reported in August and beating economists' expectations for a 0.2% increase. The trend improvement is providing evidence that the retail sector recovery is starting to unfold. Drugstores could benefit if the upcoming cold and flu season turns out to be a big one, leading patients into stores for medications, tissues and cough drops."
To read the entire report visit: http://www.stockpreacher.com/n/RAD
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