A pedestrian walks past a Rite Aid Corp. store in New York, U.S., on Wednesday, Dec. 14, 2016. Photographer: Victor J. Blue/Bloomberg via Getty ImagesVictor J. Blue — Bloomberg via Getty Images
- Previous Rank340
- Revenues ($M)32845
- Revenue Percent Change6.9
- Profits ($M)4.1
- Profits Percent Change-97.6
- Assets ($M)11594
- Employees70430
The proposed $9.4 billion merger between Rite Aid and Walgreens faces increasing scrutiny from the Federal Trade Commission. Rite Aid CEO John Standley has criticized what he says is a drawn-out regulatory process–but has also admitted that the uncertainty around the deal is taking a hit on the pharmacy and drug store chain’s business. In a recent letter to employees, Standley seemed to imply that Rite Aid is mulling how to proceed if the deal falls through.
Company Information
| CEO | John T. Standley |
| Sector | Food & Drug Stores |
| Industry | Food and Drug Stores |
| HQ Location | Camp Hill, PA |
| Website | www.riteaid.com |
| Years on Global 500 List | 19 |
| Employees | 70,430 |
Key Financials (Last Fiscal Year)
| Revenues ($M) | $32,845 |
| Profits ($M) | $4.1 |
| Assets ($M) | $11,594 |
| Total Stockholder Equity ($M) | $614 |
Profit Ratios
| Profit as % of Revenues | - |
| Profits as % of Assets | - |
| Profits as % of Stockholder Equity | 0.7% |