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Yes | No | Report from Marvin Standley wrote 3 years 5 weeks ago
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Ryan P. Standley is the founding editor of Word SlawLiterary Journal.
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"We remain pleased with the continued improvement in our top-line results that were driven by strong pharmacy-section growth that benefited from its flu-immunization program and its wellness-and-loyalty program," President and Chief Executive John Standley said.
Rite-Aid Loss Narrows, Outlook Improves John Kell 2011
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During a presentation at the meeting, Rite Aid Chief Executive John Standley highlighted how well the company has done cutting its selling, general and administrative costs in recent years, but acknowledged there wasn't a tremendous amount of room for those cuts to continue.
Rite Aid's Loss Narrows on Lower Overhead, Interest Costs Maxwell Murphy 2011
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"The reimbursement-rate side of the equation is evolving, and so it's difficult for us to give you guidance yet as to how that's all going to play," Mr. Standley told analysts during a conference call to discuss earnings.
Rite-Aid Loss Narrows, Outlook Improves John Kell 2011
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Mr. Standley said Rite Aid administered 1.4 million flu shots to date, more than double last year's 675,000 count.
Rite-Aid Loss Narrows, Outlook Improves John Kell 2011
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In an interview, Mr. Standley again declined to comment on Rite Aid's view of the spat that may cause Walgreen to exit the network of pharmacy-benefits manager Express Scripts Inc., a move that could cost Walgreen over 7% of its annual revenue.
Rite Aid's Loss Narrows on Lower Overhead, Interest Costs Maxwell Murphy 2011
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Mr. Standley said in his presentation that it expects to more than double its injections this fiscal year to some 1.5 million, though that is still well short of Walgreen and CVS.
Rite Aid's Loss Narrows on Lower Overhead, Interest Costs Maxwell Murphy 2011
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President and Chief Executive John Standley said customers have been responding positively to sales initiatives, such as its wellness and loyalty program.
Rite Aid Loss Narrows on Sales Growth Tess Stynes 2011
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Though Mr. Standley acknowledged there are many ways to speculate about mergers, whole and partial sales of the company and other eventualities for Rite Aid, he said his preference is to make Rite Aid profitable again just the way it is.
Rite Aid's Loss Narrows on Lower Overhead, Interest Costs Maxwell Murphy 2011
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