Tomi Kilgore is MarketWatch's deputy investing and corporate news editor and is based in New York. You can follow him on Twitter @TomiKilgore.
McKesson Corp. MCK, +0.73% disclosed Monday that it doesn’t expect drugstore chain Rite Aid Corp.’s RAD, -16.81% bankruptcy announced over the weekend to have a material impact on its adjusted earnings outlook for fiscal 2024. The health care supply and retail pharmacy company added that Rite Aid’s bankruptcy isn’t expected to have a material impact on its liquidity position or operations.
McKesson’s stock was still inactive in premarket trading, while Rite Aid shares were halted. On Aug. 2, McKesson said it expects fiscal 2024 adjusted EPS of $26.55 to $27.35,which compares with the current FactSet consensus of $27.19. The company is slated to release fiscal second-quarter results on Nov. 1. McKesson’s stock has rallied 13% over the past three months through Friday while the S&P 500 SPX, -0.50% has slipped 3.9%.
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Rite Aid files for bankruptcy amid opioid-related lawsuits and falling salesBut the major pharmacy chain says the filing is part of a plan to bring it back to financial health.
Weiterlesen »
Blinken's diplomatic mission, corporate earnings, Rite AidBlinken's diplomatic mission, corporate earnings, Rite Aid - what's moving markets
Weiterlesen »
Rite Aid files for bankruptcy, will close more stores: reportAccording to the WSJ, Rite Aid will close more of its stores and plans to name a new chief executive. Interim CEO Elizabeth Burr will remain on the company's...
Weiterlesen »
Rite Aid files for bankruptcy amid slowing sales, opioid litigationDrugstore chain Rite Aid filed for bankruptcy as it faces a mounting debt pile, slowing sales and lawsuits alleging it oversupplied painkillers.
Weiterlesen »
Rite Aid files for bankruptcy amid slowing sales, opioid litigationDrugstore chain Rite Aid filed for bankruptcy as it faces a mounting debt pile, slowing sales and lawsuits alleging it oversupplied painkillers.
Weiterlesen »
Debt-ridden Rite Aid files for bankruptcy, will close more storesDrugstore chain Rite Aid Corp. filed for bankruptcy Sunday, as it faces billions of dollars of debt related to opioid lawsuits.
Weiterlesen »