Rite Aid Corporation is a dominant player in the drugstore industry, with a market share of nearly 20%. The company has been profitable for the past four years, but it has been struggling in the past two years. Rite Aid’s profits are largely derived from its pharmacy and retail operations. The company’s pharmacy segment generates the majority of its profits, while its retail operations are less profitable.
The company is also facing competition from Walmart, CVS, and other retailers. In the past two years, Rite Aid’s stock price has fallen significantly, indicating that investors are concerned about the company’s future. However, Rite Aid’s profitability is still positive, and its overall performance is still good. In the short term, the company’s profits may continue to decline, but in the long term, Rite Aid’s profitability is likely to remain positive.
