Rite Aid is set to unveil more positive earnings data

06/20/2013 | Wall Street Journal, The

Rite Aid is expected to release a positive earnings report for the third consecutive quarter. Its stock price has jumped 130% this year, a faster growth rate than a 60% increase in the first half of 2011 and 2012. Largely because of acquisitions made right before the financial crisis, Rite Aid has a debt-to-asset ratio of 85%, six times higher than that of Walgreen and CVS Caremark.

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Wall Street Journal, The

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