Rite Aid: Q2 Earnings Insights

Rite AidRAD stock rose by 3.3% on Friday after the company reported its Q2 earnings results on Thursday, September 23, 2021 at 07:00 AM.

Here's what investors need to know about the announcement.

Rite Aid beat their estimated earnings by 14.58%, which surprised analysts.

Revenue was up $131,000,000 from the same period last year.

Last quarter the company beat on EPS by $0.16, which was followed by a 6.01% drop in the share price the next day.

Here's a look at Rite Aid's past performance and the resulting price change:

Quarter	Q2 2022	Q1 2022	Q4 2021	Q3 2021	Q2 2021
EPS Estimate	-0.48	0.22	-0.76	-0.05
EPS Actual	-0.41	0.38	-0.78	0.40	0.25
Price Change %	3.3%	-6.01%	-0.28%	-7.02%	-8.93%

New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).

Rite Aid sees FY22 sales of $25.1B-$25.5B.

To track all upcoming earnings announcements, click to use Benzinga Earnings Calendar.