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Global 500

Patti McConville — Alamy Stock Photo

387

Rite Aid

RAD

U.S.

Dramatic changes are afoot at the third-largest drugstore chain 
in the U.S. In 2017, Rite Aid agreed to sell nearly 2,000 pharmacies to Walgreens. And in February, grocery giant Albertsons (No. 157 on the Global 500) said it would buy the rest of Rite Aid, creating an $83-billion-in-revenue behemoth, though some shareholders have indicated that they oppose the deal. Rite Aid currently has around 2,600 pharmacies, less than rival chains Walgreens and CVS, but the combined company is expected to have more than 4,000 pharmacies. Plans to generate new revenue involve the merger of rewards programs, in addition to selling Albertsons products in Rite Aid stores.

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CEO

John T. Standley

Sector

Food & Drug Stores

Industry

Food & Drug Stores

HQ Location

Camp Hill, Pa.

Years on Global 500 List

20

Employees

48,410

Figures are for fiscal year ended Feb. 28, 2018.Includes revenues from discontinued operations.
Key Financials (Last Fiscal Year)
($ Millions)% change
Revenues ($M)$30,215-8.0%
Profits ($M)$943.523,178.3%
Assets ($M)$8,989
Total Stockholder Equity ($M)$1,601
Profit Ratios
Profit as % of Revenues3.1%
Profits as % of Assets10.5%
Profits as % of Stockholder Equity58.9%
STOCK QUOTE
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