This excerpt taken from the RAD 8-K filed Sep 24, 2009.
Second Quarter Highlights
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Rite Aid FY 2010 Q2 Press Release – page 2
“We again made significant progress on many of our key initiatives, reducing both SG&A and controlling inventory, and finished the quarter with strong liquidity. We increased the number of prescriptions filled, but our pharmacy results were negatively impacted by additional pressure on pharmacy margins. A more discount-driven customer buying more items on sale continued to have a negative impact on front end results.
“Because we expect these negative trends and a tough economy to continue throughout the second half of the year, we have lowered our outlook for fiscal 2010. We’re focusing on growing profitable sales and will continue to control expenses. We expect liquidity to remain strong,” she said.