Mon, May 28, 2012, 7:15 PM EDT - U.S. Markets closed for Memorial Day

Summary Box: Rite Aid pares fiscal 3Q loss

Summary Box: Rite Aid posts smaller fiscal 3Q loss as charges fall and sales keep growing

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THE RESULTS: Rite Aid Corp. reported a smaller third-quarter loss Thursday as its expenses decreased and revenue grew for the second consecutive quarter.

REWARDS: The company said its revenue grew about 2 percent. Rite Aid has given 1.4 million flu shots this season, more than twice the number it gave a year ago. It gained another 3 million members in its Wellness Plus program, bringing total membership to about 47 million a year and a half after the rewards program was introduced.

THE OUTLOOK: Rite Aid also projected a smaller fiscal-year loss.

 

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