Rite Aid Corporation operates 2,600 stores in the United States. The company reported its fiscal fourth quarter results on February 6, 2019. Rite Aid said its net income decreased by $239 million to $1.2 billion in the fourth quarter of fiscal 2019, as compared to the same period of fiscal 2018. The company’s adjusted earnings per share decreased to $1.01 from $1.03 in the fourth quarter of fiscal 2018. The decrease in net income was due to a decline in sales, partially offset by lower costs associated with the company’s strategic initiatives. The company’s Store of the Future initiative, launched in the fourth quarter of fiscal 2019, drove a decrease in costs. Rite Aid also announced plans to close 150 stores in the United States over the next three years. Rite Aid said its fiscal fourth quarter results included costs of $240 million related to the company’s pension plan. The company’s fiscal fourth quarter results included a charge of $495 million associated with the company’s acquisition of AAFE. The company’s fiscal fourth quarter results included a charge of $1.1 billion related to the company’s acquisition of CVS Health. The company’s fiscal fourth quarter results included a charge of $2.8 billion related to the company’s acquisition of Health Net. The company’s fiscal fourth quarter results included a charge of $655 million related to the company’s acquisition of Medi-Cal.5 billion related to the company’s acquisition of Walgreens.4 billion related to the company’s acquisition of Sam’s Club.4 billion related to the company’s acquisition of Rite Aid Canada.0 billion related to the company’s acquisition of Rite Aid International.4 billion related to the company’s acquisition of Rite Aid Puerto Rico.9 billion related to the company’s acquisition of Rite Aid South Africa.1 billion related to the company’s acquisition of Albertsons. The company’s fiscal fourth quarter results included a charge of $811 million related to the company’s acquisition of Safeway.4 billion related to the company’s acquisition of Fred Meyer.
5 billion related to the company’s acquisition of Jewel-Osco.7 billion related to the company’s acquisition of Smith’s Food and Drug.1 billion related to the company’s acquisition of Target.9 billion related to the company’s acquisition of Walmart.0 billion related to the company’s acquisition of Bi-Lo.1 billion related to the company’s acquisition of Kroger.8 billion related to the company’s acquisition of Safeway Puerto Rico.4 billion related to the company’s acquisition of Shaws.3 billion related to the company’s acquisition of Albertsons South.9 billion related to the company’s acquisition of Ralphs.4 billion related to the company’s acquisition of Vons.3 billion related to the company’s acquisition of Maxi Foods.1 billion related to the company’s acquisition of GNC.1 billion related to the company’s acquisition of Rite Aid Japan.2 billion related to the company’s acquisition of Rite Aid China.1 billion related to the company’s acquisition of Albertsons Australia.4 billion related to the company’s acquisition of Broadway Stores.
