NEW YORK (
) -- It appears that
is ready to report yet another loss in its third quarter, but hopefully a smaller one than last year.
On average, analysts expect Rite Aid to post a loss of 18 cents a share on revenue of $6.38 billion. Last year the drugstore reported a loss of 30 cents on revenue of $6.47 billion. This would be the 10th straight quarter that Rite Aid sees a loss.
Rite Aid has been struggling with sales, especially on front-end discretionary items. In November, Rite Aid's total same-store sales slipped 0.8%.
Top 2010 Healthcare Stocks
Rite Aid has also faced increased competition from top two drugstores:
In September, Rite Aid cut its full-year outlook to the range of a loss of 48 cents to 74 cents a share, from a prior forecast of a loss of 33 cents to 59 cents.
Rite Aid shares are down about 15% since the beginning of third quarter.
-- Reported by Jeanine Poggi in New York.
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