RAD on NYSE

Rite Aid

Logo: Rite Aid, Public domain, via Wikimedia Commons4

American drugstore chain

Rite Aid Corporation was an American drugstore chain based in Philadelphia. Founded in 1962 in Scranton, Pennsylvania, at its peak it operated more than 5,000 stores.3 From Wikipedia, CC BY-SA 4.0

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Last updated Oct 16, 2026.

Overview

1962Founded1

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  • TickerRAD on NYSE1
  • Industryretail1
  • HeadquartersPhiladelphia1
  • Websitewww.riteaid.com
  • Legal formpublic company1
  • Incorporated inDE5
  • Business address1200 Intrepid Avenue, 2Nd Floor, Philadelphia, Pa 191125
  • Filer categoryAccelerated filer5

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Rite Aid Glendale, California
Photo: TaurusEmerald, CC BY-SA 4.0, via Wikimedia Commons6

Rite Aid Corporation was an American drugstore chain based in Philadelphia. Founded in 1962 in Scranton, Pennsylvania, at its peak it operated more than 5,000 stores. By May 2025, it operated only 1,200 stores across 15 U.S. states and was the seventh-largest pharmacy in the U.S. when taking into account big box chains.3

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2023

19.9%Gross margin7
-3.0%Net margin7
-1.9%Revenue growth, 20237

Where the money goes

Where each dollar of revenue went, fiscal 2023

  • Cost of revenue79¢$19.3B
  • Selling, general and admin20¢$4.9B
  • Interest1¢$224.4M
  • Income tax0¢$6.5M

Out of $24.1B in revenue.7 The company lost money this year.

Financial statements

Revenue897$24.1B in 2023+5% since 2017
0$10.0B$20.0B$30.0B2017: $22.9B$22.9B20172018: $21.5B$21.5B2018−6%2019: $21.6B$21.6B2019+1%2020: $21.9B$21.9B2020+1%2021: $24.0B$24.0B2021+10%2022: $24.6B$24.6B2022+2%2023: $24.1B$24.1B2023−2%
Gross profit8101197$4.8B in 2023−5% since 2017
0$2.0B$4.0B$6.0B2017: $5.1B$5.1B20172018: $4.8B$4.8B2018−6%2019: $4.7B$4.7B2019−2%2020: $4.7B$4.7B2020+1%2021: $4.7B$4.7B2021−0%2022: $5.1B$5.1B2022+9%2023: $4.8B$4.8B2023−6%
Net income8101197-$719.2M in 2023
-$1.0B-$500.0M0$500.0M$1.0B2017: $4.1M$4.1M20172018: $943.5M$943.5M2018+23178%2019: -$422.2M-$422.2M20192020: -$452.2M-$452.2M2020+7%2021: -$90.2M-$90.2M2021−80%2022: -$522.4M-$522.4M2022+479%2023: -$719.2M-$719.2M2023+38%
Fiscal year2017201820192020202120222023
Revenue$22.9B8$21.5B8$21.6B8$21.9B9$24.0B7$24.6B7$24.1B7
Cost of revenue$17.9B8$16.7B10$17.0B11$17.2B9$19.3B7$19.5B7$19.3B7
Gross profit$5.1B8$4.8B10$4.7B11$4.7B9$4.7B7$5.1B7$4.8B7
Selling, general and admin$4.8B8$4.7B10$4.6B11$4.6B9$4.7B7$5.0B7$4.9B7
Interest$200.1M8$202.8M10$227.7M11$229.7M9$201.4M7$191.6M7$224.4M7
Income tax$44.4M8$306.0M10$77.5M11$387.6M9-$20.2M7-$3.8M7-$6.5M7
Net income$4.1M8$943.5M10-$422.2M11-$452.2M9-$90.2M7-$522.4M7-$719.2M7
Earnings per share$0.088$17.988-$7.998-$8.509-$1.687-$9.667-$13.157
Earnings per share (diluted)$0.088$17.988-$7.998-$8.509-$1.687-$9.667-$13.157

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The story

Founded by Alex Grass in 1962.1

Leadership

Who has led Rite Aid, and when. Pick a name to see everywhere that person has worked.

Board members and other officers (1)

Products and brands

  • pharmacy

Listed on Wikidata.1

Subsidiaries and ownership

Subsidiaries

  • RediClinic

From Wikidata.1

Acquisitions

  1. Apr 2014Acquired RediClinic1

Former names

  • RITE AID CORPSep 9, 1994 to Sep 5, 20245

Timeline

  1. Jan 2, 1990Went public Listed on NYSE1
  2. 1962Founded Founded1

Recent filings

  1. Sep 9, 20243
  2. Jul 29, 20248-K
  3. Jul 25, 202410-K/A
  4. Jul 25, 202410-Q/A
  5. Jul 25, 202410-Q/A
  6. Feb 6, 20248-K
  7. Dec 27, 20238-K
  8. Nov 1, 20238-K
  9. Oct 19, 20238-K
  10. Oct 18, 202310-Q
  11. Oct 16, 20238-K
  12. Oct 16, 20238-K/A
  13. Oct 4, 20238-K
  14. Aug 24, 20238-K
  15. Aug 24, 20233 FORM 3 SUBMISSION

Every filing from the last three years, summarized. The full record is on SEC EDGAR.2

Sources

The numbers on this page point here. Each one links to the record it came from.

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