Rite Aid Corp.
December 16, 2011
Text size
–
+
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.
For more from BostonGlobe.com, sign up or log in below
To continue, please sign up or log in to BostonGlobe.com
Access the full articles and quality reporting of The Boston Globe at BostonGlobe.com
Sign up
Unlimited Access to BostonGlobe.com for 4 weeks for only 99¢.
Are you a Boston Globe home delivery subscriber?
Get FREE access as part of your print subscription.
BostonGlobe.com subscriber
Click to continue reading this article or to log in to BostonGlobe.com.
