Rite Aid Cuts View as Pharmacy Sales Slow
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Drugstore chain Rite Aid Corp.  on Tuesday warned that full-year profit and revenue would fall short of Wall Street expectations because of slowing pharmacy sales as companies try to curb health-care costs.
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Rite Aid Corp. , the  third-largest U.S. drugstore chain, posted a higher quarterly  profit on Thursday as an income tax benefit and a gain on asset  sales offset acquisition costs.
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Drugstore chain Rite Aid Corp. RAD.N  on Thursday reported a quarterly profit, reversing a year-ago  loss, on strong cash flow and a reduction in inventory-related  expenses.
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U.S. chain store retail sales slipped  during the Thanksgiving holiday week, as consumers took  advantage of discounted merchandise, a retail report said on  Tuesday.
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Drugstore chain Rite Aid Corp.  on Thursday reported a quarterly profit, reversing a year-ago loss, on strong cash flow and a reduction in inventory-related expense.
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Rite Aid Corp. (RAD.N: Quote, Profile, Research) , the third-largest US drugstore chain, on Tuesday warned that if current sales trends continue its fiscal 2005 results would fall below expectations it gave in September.
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Retail sales growth in the week after Thanksgiving fell to 3.1 percent, the slowest rate in four years, as consumers delayed holiday purchases to wait for discounts.
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The state of Maine, Rite Aid Corp., and Community Pharmacy LP have agreed to a consent decree placing conditions on the sale of five Community Pharmacy stores to Rite Aid.
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Pharmacy chain operator Rite Aid Corp.  on Thursday posted a quarterly loss, compared with a profit in the same year-earlier quarter, and cut its full-year outlook, citing worse-than-expected sales.
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Drugstore chain Rite Aid Corp. (RAD.N: Quote, Profile, Research) on Thursday reported a quarterly profit, reversing a year-ago loss, on strong cash flow and a reduction in inventory-related expense.
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Rite Aid (RAD:NYSE - news - research) swung into the red for its third quarter and lowered expectations for fiscal 2005. The drugstore chain said Thursday it posted a loss of $7.7 million, or 1 cent a share
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Drugstores reported unusually weak December sales on Thursday, weighed down by a slow flu season, lower-priced generic drugs and sluggish sales of seasonal items.
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Wal-Mart Stores Inc cut its capital expenditure forecast on Tuesday and scaled back on planned supercenters as the world's largest retailer grapples with slowing sales in a saturated U.S. market.
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Rite Aid Corp. , the third-largest U.S. drugstore chain, posted an unexpected quarterly profit on Thursday as an income tax benefit and a gain on asset sales offset acquisition costs.
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Rite Aid Corp , the No. 3 U.S. drugstore chain, reported a wider-than-expected quarterly loss on Thursday, and cut its full-year outlook citing current sales trends, pushing its shares down nearly 5 percent in premarket trading.
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The drugstore chain said its quarterly loss narrowed as a result of an income tax benefit and increased sales of generic drugs.
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Walgreen Co. (WAG.N: Quote, Profile, Research) , the top US drugstore chain, on Tuesday reported higher October sales, but growth at rival Rite Aid Corp.