On Wednesday, Shares of Rite Aid Corporation (NYSE:RAD), gained 0.72% to $8.41.
Rite Aid Corporation, declared that Bryan Everett is joining Rite Aid as executive vice president of store operations, effective Aug. 3. In this position, Everett will be responsible for all operations at the company’s nearly 4,600 chainwide stores and will report to Rite Aid’s President and Chief Operating Officer Ken Martindale.
Everett will succeed Bob Thompson, who has declared his retirement from the Company, effective January 2016.
“Bryan is an energetic and talented leader with a proven track record of operational expertise and success,” said Martindale. “We are happy to welcome Bryan to Rite Aid and are confident Rite Aid will benefit from his outstanding leadership skills as we work together to continue to successfully grow our business and achieve long-term success.”
Martindale added: “I would also like to acknowledge the many valuable contributions Bob Thompson has made to Rite Aid since joining our Company over seven years ago. He has been a key member of our administration team that, together with our nearly 90,000 associates, has executed a successful turnaround and positioned Rite Aid for long-term growth. We appreciate his leadership and commitment to Rite Aid during this important time.”
Thompson will continue reporting to Martindale until his retirement, working on specified service initiatives designed to continue to improve the overall customer experience in Rite Aid stores in addition to assisting in the leadership transition.
Rite Aid Corporation, through its auxiliaries, operates a chain of retail drugstores in the United States. The company sells prescription drugs and a range of other merchandise, counting over-the-counter medications, health and beauty aids, personal care items, cosmetics, household items, food and beverages, greeting cards, seasonal merchandise, and other every day and convenience products.
Shares of General Mills, Inc. (NYSE:GIS), inclined 2.46% to $57.09, during its last trading session.
General Mills, stated results for the fourth quarter and full fiscal year ended May 31, 2015. Fiscal 2015 was a 53-week year, with the extra week falling in the fourth quarter.
Fourth Quarter Financial Summary
- Net sales of $4.3 billion essentially matched year-ago levels. On a constant-currency basis, fourth-quarter net sales were up 6 percent.
- Total segment operating profit raised 9 percent to $800 million. In constant currency, total segment operating profit raised 13 percent.
- Diluted earnings per share (EPS) totaled 30 cents contrast to 65 cents a year ago.
- Adjusted diluted EPS of 75 cents rose 12 percent from 67 cents in last year’s fourth quarter. On a constant-currency basis, adjusted diluted EPS raised 18 percent. The extra week contributed about 4 cents to adjusted diluted EPS.
Fiscal 2015 Financial Summary
- Net sales declined 2 percent to $17.6 billion. On a constant-currency basis, net sales raised 1 percent.
- Total segment operating profit declined 4 percent to $3.0 billion. In constant currency, total segment operating profit declined 2 percent.
- Diluted EPS totaled $1.97 contrast to $2.83 a year ago.
- Adjusted diluted EPS, which excludes certain items affecting comparability of results, totaled $2.86 in fiscal 2015, up 1 percent from $2.82 a year ago. On a constant-currency basis, adjusted diluted EPS raised 4 percent.
- Cash returned to shareholders in fiscal 2015 totaled $2.2 billion, counting an 8 percent enhance in dividends paid per share and share repurchases that reduced average diluted shares outstanding by 4 percent.
General Mills, Inc. manufactures and markets branded consumer foods in the United States and internationally. It also supplies branded and unbranded food products to the foodservice and commercial baking industries. The company operates in three segments: U.S. Retail, International, and Convenience Stores and Foodservice.
Finally, E. I. du Pont de Nemours and Company (NYSE:DD), ended its last trade with 1.12% gain, and closed at $61.43.
E.I. du Pont de Nemours and Company, declared it has accomplished the separation of its Performance Chemicals segment through the spin-off of The Chemours Company (Chemours). Chemours starts “regular way” trading recently on the New York Stock Exchange (NYSE) under the symbol “CC”. Recently DuPont common stockholders receive one share of common stock of Chemours for every five shares of DuPont common stock they held at 5:00 p.m. ET on June 23, 2015. DuPont common stockholders will receive cash in lieu of fractional shares of Chemours.
E.I. du Pont de Nemours and Company operates as a science and technology based company worldwide. The company’s Agriculture segment offers corn hybrid, soybean, canola, sunflower, sorghum, inoculants, seed products, wheat, rice, herbicides, fungicides, and insecticides.
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