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Fortune 500

Patti McConville — Alamy Stock Photo

94

Rite Aid

RAD

Dramatic changes are afoot at the third-largest drugstore chain _in the U.S. In 2017, Rite Aid agreed to sell nearly 2,000 pharmacies to Walgreens. And in February, grocery giant Albertsons (No. 53 on the Fortune 500) said it would buy the rest of Rite Aid, creating an $83-billion-in-revenue behemoth, though some shareholders have indicated that they oppose the deal. Rite Aid currently has around 2,600 pharmacies, less than rival chains Walgreens and CVS, but the combined company is expected to have more than 4,000 pharmacies. Plans to generate new revenue involve the merger of rewards programs, in addition to selling Albertsons products in Rite Aid stores.

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CEO

John T. Standley

CEO Title

Chairman & Chief Executive Officer

Sector

Food & Drug Stores

Industry

Food and Drug Stores

HQ Location

Camp Hill, Pa.

Years on Fortune 500 List

24

Employees

70,430

Figures are for fiscal year ended Feb. 28, 2017.
Key Financials (Last Fiscal Year)
$ millions% change
Revenues ($M)$32,8456.9%
Profits ($M)$4.1-97.6%
Assets ($M)$11,594
Total Stockholder Equity ($M)$614
Market Value — as of March 29, 2018 ($M)$1,793
Profit Ratios
Profit as % of Revenues0.0%
Profits as % of Assets0.0%
Profits as % of Stockholder Equity0.7%
Earnings Per Share (Last Fiscal Year)
Earnings Per Share ($)0.00
EPS % Change (from 2016)-99.9%
EPS % Change (5 year annual rate)-
EPS % Change (10 year annual rate)-
Total Return
Total Return to Investors (2017)-76.1%
Total Return to Investors (5 year, annualized)7.7%
Total Return to Investors (10 year, annualized)-3.4%
STOCK QUOTE
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