Rite Aid narrow loss in Q4
Camp Hill, Pa. -- Rite Aid Corp. reported Thursday that narrowed its loss in the fourth quarter to $208.1 million, compared with a loss of $210.6 million in the year-ago period. The drugstore operator cited stabilized revenue for the slight improvement. Revenue during the quarter was unchanged at $6.46 billion. Wall Street expected $6.41 billion in revenue. Same-store sales edged up 1% in the fourth quarter. In the fourth quarter, the company closed 17 stores, relocated four and remodeled two.