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.