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Why Rite Aid's Q1 Results Rocked

TheMotleyFool

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It's been a dismal year for the stocks of pharmacy chains. Rite Aid (NYSE: RAD) is no exception, with its shares down 17% year to date as of the market close on Wednesday.

But the company announced its fiscal first-quarter 2021 results before the market opened on Thursday. Now, 2020 isn't looking so dismal for Rite Aid after all. Here are the highlights from the pharmacy retailer's Q1 update.

Image source: Getty Images.

Source Fool.com

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