With a better dividend and more sound financials, Walgreens is hands-down the better pick here. Regardless of whether Rite Aid performs better in the short term, Walgreens is the stock long-term investors should go with.
Another popular query is “Is Rite Aid better than CVS and Walgreens?”.
Stand-alone CVS pharmacies and Walgreens scored slightly below average among chain drugstore pharmacies, while Rite Aid came in third, just behind two networks of independent pharmacies, Good Neighbor Pharmacy and Health Mart. Rite Aid’s high ranking was slightly unexpected , given its high prices.
Rite Aid’s Wellness+ rewards program offers almost identical perks as Walgreens’ program, allowing shoppers to earn points on every purchase. At each store, almost every product had a rewards-member-only lower price. The shelves were well stocked and organized, but there were carts and blue bins everywhere, blocking the aisle.
Why did Rite Aid sell its pharmacy business to Walgreens?
Rite Aid primarily used the proceeds of the transaction to pay off its debt obligations at the time, resulting in little impact on its overall revenue but giving a nice boost to Walgreen’s pharmacy retail. CVS Health ( NYSE: CVS) is another competitor that has been giving Rite Aid a run for its money.
How many Rite Aid stores did Walgreens buy?
Walgreens has finally figured out a way to buy Rite Aid — or about half of it, at least. The pharmacy giant said Tuesday that federal regulators have accepted its $4.4 billion deal to buy 1,932 Rite Aid stores. That will leave Rite Aid with about 2,600 stores once the deal is finished.
How many stores does Rite Aid have in the US?
As of April 28, 2021, the company operated approximately 2,500 retail pharmacy locations in 17 states. Rite Aid Corporation was founded in 1962 and is headquartered in Camp Hill, Pennsylvania. Go Premium to see this.
Should I buy rite aid stock?
The answer is that it depends on what kind of investor you are. Rite Aid has nothing to offer to income investors .
Is Rite Aid stock a good investment?
A quick glance at Rite Aid’s stock may give the impression of a cheap investment opportunity. But price is not always an indicator of a good investment . If you already have Rite Aid stock in your portfolio, you’re likely better off holding on to it rather than selling at a loss.
The company’s revenue plunged significantly in the 2018 fiscal year, and things just haven’t been the same since.
So far, 19 Rite Aid stores have closed in West Virginia, and 16 are becoming Walgreens. Walgreens starts fiscal 2019 with boost from Rite Aid stores.
Do rite aid sell money orders?
Rite Aid does sell money orders . Rite Aid is known to sell stamps, postage accessories, medicines, and other health-related products. You are surprised to know that Rite Aid sells money orders. You can easily find a store near you because it has over 2500 stores in different locations. Rite Aid sells money orders just like CVS.
Rite Aid sells Western Union money orders with a $500 maximum and a fee of just 99 cents. Rite Aid doesn’t cash money orders though. Royal Farms sells Money. Gram money orders up to $300 for $1.50 each and cash is the only accepted form of payment. Royal Farms doesn’t cash money orders at any of its locations.
They now offer Western Union Money Transfers instead. A WU money transfer allows you to use your debit card ($15 fee), credit card ($15 fee), or bank account ($0.99 fee) to send money to anyone at any time. Rite-Aid You can also get a money order at your local Rite-Aid drugstore .
CVS Pharmacy, Rite Aid, 7-Eleven, and Walgreens/Duaneere Reade stores don’t sell money order anymore. Deacon Everything I saw indicates that CVS Pharmacy, Rite Aid, and 7-Eleven do still sell money orders .
One inquiry we ran across in our research was “How much does it cost to cash a money order?”.
The best answer was fee: $1.30 per money order up to $500, $1.75 for money orders over $500 You can cash a money order at the post office as well. Check with your location for rules, regulations and fees on cashing money orders. Your Local Bank If you have an account at a local bank, you might be able to purchase or cash a money order there.