Rite Aid Corp.
Rite Aid Corp.’s sales continued to grow in the fiscal third quarter as the drugstore operator signed up 3 million new members to its customer rewards program and administered more flu shots. The third-largest U.S. drugstore chain reported a smaller third-quarter loss, and for the second straight quarter, it trimmed its projected loss for fiscal 2012. Its shares rose 4 cents, or 3.5 percent, to close at $1.18 Thursday. The stock is up 34 percent in the year to date. Rite Aid said Thursday it lost $54.5 million, or 6 cents per share, in the quarter ended Nov. 26. That compares to a loss of $81.5 million, or 9 cents per share, a year ago. Revenue climbed nearly 2 percent to $6.31 billion from $6.2 billion.