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Why Rite Aid Is Expected to Report Plunge in 4Q18 Sales

Why Rite Aid Is Expected to Report Plunge in 4Q18 Sales

Rite Aid (RAD), which will report its 4Q18 results on April 12, is projected to report a 34.8% YoY (year-over-year) decline in total sales to $5.6 billion. During the first nine months of the year, Rite Aid’s total sales fell 4.5% YoY to $23.2 billion. It missed consensus expectations in two of the three reported quarters.