Forbes - Markets
Rite Aid Q2 Earnings Preview: Acquisition Synergies Likely Improved Margins, Amidst Sales Slowdown
The third largest drugstore chain in the U.S., Rite Aid , is about to announce its earnings for the second quarter of FY 2016 (ending August) on September 17th. In the previous quarter, the company continued growing sales at the prior-year growth rate of approximately 3%, driven by increases in same-store sales and same-store prescription count. Despite an increase in operating expenses, Rite Aid managed to hold margins steady.
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