It wasn’t just cough and cold season that drove Rite Aid Corp.’s better-than-expected fiscal third-quarter earnings beat. “It’s worth noting that Thrifty Ice Cream, which we recently expanded to 900 additional stores, was a meaningful contributor to our third-quarter growth,” said James Peters, Rite Aid’s chief operating officer, on the earnings call, according to a FactSet transcript. Thrifty Ice Cream is a nearly 80-year-old California brand that Rite Aid acquired in 1996. Read More...
Rite Aid says ice cream contributed to third-quarter beat, shares skyrocket
It wasn’t just cough and cold season that drove Rite Aid Corp.’s better-than-expected fiscal third-quarter earnings beat. “It’s worth noting that Thrifty Ice Cream, which we recently expanded to 900 additional stores, was a meaningful contributor to our third-quarter growth,” said James Peters, Rite Aid’s chief operating officer, on the earnings call, according to a FactSet transcript. Thrifty Ice Cream is a nearly 80-year-old California brand that Rite Aid acquired in 1996.
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