Rite Aid Surprise Profit Pops Stock 45% in Short Market

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  • #22774
    Super Harley
    Participant

    Pharmacy retailer Rite Aid swung to a much…

    [article]1888[/article]

    #22794
    ThePitBoss
    Participant

    Thrifty Ice Cream a Big Reason for Rite Aid Profit Boom

    “It’s worth noting that Thrifty Ice Cream, which we recently expanded to 900 additional stores, was a meaningful contributor to our third-quarter growth,” said James Peters, Rite Aid’s chief operating officer, on the earnings call, according to a FactSet transcript.

    Thrifty Ice Cream is a nearly 80-year-old California brand that Rite Aid acquired in 1996. Earlier this year, Rite Aid announced that it was expanding the brand to the Pacific Northwest with a test in select stores in Delaware, Maryland, New Jersey, New York and Pennsylvania.

    Thrifty is mostly sold by the container, but there are California locations where it’s sold by the scoop.

    #22819
    Super Harley
    Participant

    Another Huge Move – Market Caught Short it seems

    Market Summary > Rite Aid Corporation
    NYSE: RAD
    19.19 USD +3.05 (+18.90%)
    Closed: Dec 26, 2019

    #22820
    Super Harley
    Participant

    [color=green][b]Dang even more of a push after the close:

    Market Summary > Rite Aid Corporation
    NYSE: RAD

    After hours 20.66 +1.47 (7.66%)[/b][/color]

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