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  • Previous Rank
    340
  • Revenues ($M)
    $32,845
  • Revenue Percent Change
    6.9%
  • Profits ($M)
    $4.1
  • Profits Percent Change
    -97.6%
  • Assets ($M)
    $11,594
  • Employees
    70,430

The proposed $9.4 billion merger between Rite Aid and Walgreens faces increasing scrutiny from the Federal Trade Commission. Rite Aid CEO John Standley has criticized what he says is a drawn-out regulatory process–but has also admitted that the uncertainty around the deal is taking a hit on the pharmacy and drug store chain’s business. In a recent letter to employees, Standley seemed to imply that Rite Aid is mulling how to proceed if the deal falls through.

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Company Information

CEO
John T. Standley
Sector
Food & Drug Stores
Industry
Food and Drug Stores
HQ Location
Camp Hill, PA
Websitehttp://www.riteaid.com
Years on Global 500 List19
Employees70,430
Figures are for fiscal year ended Feb. 28, 2017.

Rite Aid Rank History

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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-

Profit Ratios

Profit as % of Revenues-
Profits as % of Assets-
Profits as % of Stockholder Equity0.7%