Operating income from continuing operations in the first nine months of fiscal 2022 increased 54.3% to $2.2 billion, compared with $1.4 billion in the same period a year ago.
Driven by a reduction in COVID-19 vaccines and testing revenue, as well as store closures, Rite Aid’s retail pharmacy segment revenues decreased over the prior-year quarter.
The 90-year-old beauty brand stated that by filing for Chapter 11, it will be able to operate seamlessly in all markets and focus on driving future growth.
During a strong first-quarter earnings report, the grocery chain announced that it would be rolling out its Boost membership program nationally over the next few weeks.
According to reports, Revlon is preparing to file for Chapter 11 within the next few days, following news that as of the end of March it had long-term debt of $3.31 billion.
