Rite Aid Guides FY22 Well Below Analysts' Estimates - Quick Facts

(RTTNews) - While reporting financial results for the first quarter of fiscal 2022 on Thursday, drugstore chain Rite Aid Corp. (RAD) initiated its adjusted loss and total revenue guidance for the full-year 2022, below analysts' estimates.

For fiscal 2022, the company now projects an adjusted loss in a range of $0.79 to $0.24 per share on total revenues between $25.1 billion and $25.5 billion.

On average, analysts polled by Thomson Reuters expect the company to report earnings of $0.80 per share on revenues of $24.66 billion for the year. Analysts' estimates typically exclude special items.