On Friday, Shares of Rite Aid Corporation (NYSE:RAD), gained 0.94% to $8.56.
On May 20, Rite Aid Corporation declared that Mike Podgurski, Rite Aid’s vice president of pharmacy services, has been named the 2015 Honorary President by the National Association of the Boards of Pharmacy (NABP).
The honor is awarded each year to an individual in recognition of their commitment to supporting the Association’s mission and aims counting protecting public health and promoting the Association’s initiatives. Podgurski, a licensed pharmacist with more than 40 years’ experience, was formally recognized during NABP’s Annual Awards Dinner yesterday, the culminating event of the Association’s 111th Annual Meeting in New Orleans.
“Over the course of his career, Mike has made a profound and lasting impact here at Rite Aid and across the retail pharmacy industry,” said Robert Thompson, Rite Aid executive vice president of pharmacy. “We are extremely proud of Mike and we are especially grateful for his many contributions to our company, which have assisted us to deliver superior patient care to our pharmacy customers nationwide. Mike is a true servant leader and a champion of community pharmacy and is most-deserving of this honor.”
In presenting the award, the Association recognized Mike’s ongoing commitment to the Association through his participation on numerous NABP and industry committees and task forces counting the NABP’s Task Force on Pharmacy Licensure Standards, its Community Pharmacy Accreditation Program Steering Committee and its Task Force on Pharmacy Automation; the American Pharmacists Association’s Work Group on the Future of Pharmacy, and the Food and Drug Administration’s Risk Communication Advisory Committee. He was also involved with the White House Office of National Drug Control Policy Roundtable on Health Information Technology and Prescription Drug Abuse and the Office of the National Coordinator for Health Information Technology and Substance Abuse and Mental Health Services Administration Prescription Drug Monitoring Program Work Group.
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 Foot Locker, Inc. (NYSE:FL), declined -0.84% to $63.46, during its last trading session, hitting its highest level.
Foot Locker, stated financial results for its first quarter ended May 2, 2015.
First Quarter Results
Net income for the Company’s first quarter ended May 2, 2015 was $184 million, or $1.29 per share, contrast with net income of $162 million, or $1.10 per share, last year, a 17 percent enhance. First quarter comparable-store sales raised 7.8 percent. Total first quarter sales raised 2.6 percent, to $1,916 million this year, contrast with sales of $1,868 million for the corresponding preceding-year period. Not taking into account the effect of foreign currency fluctuations, total sales for the first quarter raised 7.9 percent.
The Company’s gross margin rate improved to 35.0 percent of sales from 34.6 percent a year ago, while the selling, general, and administrative expense rate improved to 18.0 percent of sales from 19.0 percent.
Foot Locker, Inc. operates as an athletic shoes and apparel retailer. The company operates in two segments, Athletic Stores and Direct-to-Customers. The Athletic Stores segment retails athletic footwear, apparel, accessories, and equipment under various formats, counting Foot Locker, Lady Foot Locker, Kids Foot Locker, Champs Sports, Footaction, and SIX:02, in addition to Runners Point, and Sidestep.
At the end of Friday’s trade, Shares of Fifth Third Bancorp (NASDAQ:FITB), gained 0.22% to $20.51. Fifth Third Bancorp, is from financial sector.
Financial stocks remained narrowly mixed in late trade with the NYSE Financial Sector Index dropping about 0.1% while the S&P Financial 100 Index was up by about 0.1%.
Fifth Third Bancorp operates as a diversified financial services company in the United States. It operates through four segments: Commercial Banking, Branch Banking, Consumer Lending, and Investment Advisors.
Finally, Renren Inc. (NYSE:RENN), ended its last trade with 7.25% gain, and closed at $3.70, hitting its highest level.
Renren, declared its unaudited financial results for the first quarter ended March 31, 2015.
First Quarter 2015 Highlights
- Total net revenues were US$13.7 million, a 41.1% decrease from the corresponding period in 2014.
- Renren net revenues were US$8.2 million, a 22.9% decrease from the corresponding period in 2014.
- Games net revenues were US$5.5 million, a 56.5% decrease from the corresponding period in 2014.
- Gross profit was US$3.2 million, a 72.9% decrease from the corresponding period in 2014.
- Operating loss was US$26.5 million, contrast to an operating loss of US$23.9 million in the corresponding period in 2014.
- Net loss attributable to the Company was US$27.6 million, contrast to a net income of US$32.3 million in the corresponding period in 2014.
- Adjusted net loss [1] (non-GAAP) was US$21.4 million, contrast to an adjusted net income of US$36.1 million in the corresponding period in 2014.
Renren Inc. operates a social networking Internet platform in the Peoples Republic of China. The company provides online advertising services; Internet value-added services (IVAS), counting online talent show, VIP memberships, other IVAS, etc.; and online gaming services.
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