- Rite Aid, the No. 3 U.S. drugstore chain, reported a net loss of $16.4 million in the fiscal third quarter ended Nov. 30, improved from a $112.8 million loss during the same period a year earlier. Analysts took the results as a sign that the beleaguered r=drug chain is turning itself around.
Total quarterly sales were $3.87 billion, up 4.1 percent from $3.72 billion, a year earlier. Same-store sales increased 6.7 percent, while general merchandise same-store sales rose 1.9 percent in the quarter.
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