Apr 01, 2010 —The bad news continued for Rite Aid stockholders Wednesday as the company posted its 11th straight quarterly loss.
The company recorded a 24-cents-per-share loss for the final quarter of 2010—more than Wall Street’s expectations of 20 cents.
The company blamed a mild cold and flu season, bad winter weather, the continued bad economy and pressure from low pharmacy margins for the quarterly results. Market leader CVS gained in its most recent quarter, while Walgreens, while still profitable, posted a....