pharmacy

Financials
Rite Aid Q2 Comps Decline

As Rite Aid completed a store purchase deal with Walgreens and appointed a new president, the drug store chain saw its comparable store sales decline in the second quarter.

Financials
CVS Revenue Rises In Q2

Second quarter net revenue at CVS was up 4.5% as growth in the company’s pharmacy services segment offset declines in comparable store-based pharmacy sales and front end sales.

Financials
Rite Aid Loss Grows In Q1

Rite Aid reported a challenging first quarter with a deeper net loss, following the scrapped merger deal with Walgreens, and the formation of a new pending agreement to sell about half its stores to its drug store rival.

Financials
Walgreens Gains In Q3

As Walgreens Boots progresses on its new plan to acquire 2,186 Rite Aid stores, the company reported net earnings and sales gains in its third quarter.

Retail
Walgreens, Rite Aid Scrap Merger Plans

Walgreens and Rite Aid have terminated their merger agreement. The decision to terminate the merger agreement follows feedback on the merger’s prospects received from the Federal Trade Commission, Rite Aid said. Rite Aid added that the potential FTC objection led the company to believe that the parties would not have obtained the commission’s clearance to complete the merger.

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