comparable store sales
In the midst of an acquisition process, Rent-A-Center posted an earnings increase for its second quarter while its ongoing merger was questioned in court.
As Rite Aid prepares for its pending merger with supermarket operator Albertsons, the drug store chain posted a net loss in the first quarter.
For the fourth quarter, and as it put in place a new strategic plan, Rent-A-Center posted net earnings and diluted earnings per share of $34.8 million and 65 cents versus a net loss and diluted loss per share of $146.4 million and $2.76 in the year-earlier period.
Rite Aid’s third quarter was impacted by the continuing sale and transfer of stores and related assets under the acquisition deal with Walgreens Boots.