What Is Your Annual Salary At Rite Aid?

Rite Aid Corp pays its employees an average of $75,290 a year, with salaries ranging from $40,382 to $138,925. The average starting salary at Rite Aid is $17,000 a year or $8.17 per hour. The overall average salary for entry-level positions is $15.66 per hour.

In California, the average hourly pay ranges from $15.50 per hour for Shift Manager to $74.90 per hour for Pharmacy. The estimated total pay range for a Store Manager at Rite Aid is $67K–$102K per year, which includes base salary and additional pay. The average Store Manager earns $30,000 annually on average, or $14 per hour.

Rite Aid Corp pays its employees an average of $15.93 an hour, with hourly pay ranging from $11.07 to $31.48 an hour. The U.S. Bureau of Labor Statistics reports that the average Pharmacist salary is $120,270 annually. The highest-paid Pharmacists earn more than the national average annual salary of $74,389.

A Rite Aid Distribution Center in your area makes on average $73,248 per year, or $1 (0.007) less than the national average annual salary of $74,389. Salaries by job title at Rite Aid include Pharmacy Technician ($39K-US$43K), Manager ($48K-US$82K), and Sales ($37-918).

In summary, Rite Aid offers entry-level positions with competitive salaries, but the average starting salary is $17,000 a year or $8.17 per hour. The highest-paid Pharmacists earn more than the national average annual salary of $74,389.

What is the annual revenue of Rite Aid?

Rite Aid’s current revenue for the 2023 fiscal year is $23. 47 billion, representing a decline from the $24. 06 billion generated in 2022 and the $24. 41 billion recorded in 2021. This figure represents the total income generated by the sale of goods or services, without any deductions for expenses. The company’s revenue represents the total amount of income generated by the sale of goods or services.

How old do you have to be to work at Rite Aid in NYC?

In order to be employed at Rite Aid, an individual must be at least 18 years of age. However, due to the sale of alcohol and tobacco products, a preference is given to candidates who are at least 21 years of age. Individuals under the age of 16 are prohibited from performing floor and stocking shelf work duties. Conversely, individuals aged 21 or above are permitted to serve as cashiers, provided they are assigned to handle alcohol and tobacco sales. It is typical for managers to prefer cashiers under the age of 21 in order to avoid any potential issues with the age of the cashier being below the legal age for sales.

How does Rite Aid make money?

Rite Aid’s Retail Pharmacy segment generated the majority of its revenue in Q1 2022, accounting for 69. 30 of the company’s total revenue, amounting to $4. 27 billion. The company’s revenue grew by 6. 08 yearly compared to $4. 01 billion in Q2 2022, but declined by 1. 83 quarterly. Rite Aid Corporation is a leading provider of healthcare services and retail pharmaceutical goods to over 1 million Americans.

Its pharmacy welfare and services company, Elixir, offers advanced technology, settlement software, postal delivery, advanced pharmacy services, network and rebate management, treatment discount programs, and medical insurance for individuals and groups.

Elixir provides pharmacy aids and services to over 3 million customers nationwide. The company is well-positioned with mid-market employers and local health plans looking for an alternative to large, health plan-associated pharmacy benefit managers (PBMs). Elixir’s link with Rite Aid stores allows it to advance its competitive position, deliver excellent retail and mail-order pharmacy facilities, and contribute to positive health outcomes. Elixir presents a significant growth opportunity for Rite Aid.

How much is Rite Aid worth?

As of December 15, 2023, Rite Aid had a market capitalization of $36. 75 million, which is the total market value of a publicly traded company’s outstanding shares and is used as a measure of its market value.

Is Rite Aid a Fortune 500 company?

Rite Aid, founded in 1962 by Alex Grass, became a publicly traded company in 1968 and ranked No. 148 in the Fortune 500 in 2022. The company faced bankruptcy in October 2023 due to a large debt load and lawsuits related to the opioid crisis. The first store was Thrift D Discount Center, which expanded into five states in 1965 and went public as Rite Aid in 1968. The company moved to the New York Stock Exchange in 1970 and operated 267 locations in 10 states.

In 1981, it became the third-largest retail drugstore chain in the country. In 1983, it reached a sales milestone of $1 billion, and in 2023, it filed for Chapter 11 bankruptcy due to a large debt load and lawsuits.

What is the starting pay at Rite Aid in PA?

Rite Aid – Retail in Pennsylvania offers an average hourly pay of $8. 00 for Customer Service Associate / Cashier and $20. 59 for Replenishment Associate. The average annual salary for Assistant Store Manager is $32, 000, while for Inventory Manager it is $69, 900. These figures are based on data from 133 data points collected from employees, users, and job advertisements on Indeed in the past 36 months. The minimum wage may vary by jurisdiction, and actual salary figures should be sought from the employer.

How much does Rite Aid pay in New York?

The mean hourly wage for employees of Rite Aid in New York State is $13. 27, comprising the salaries of Customer Service Associates/Cashiers and Staff Pharmacists.

What is the Rite Aid scandal?

Rite Aid, founded in 1962 as Thrift D Discount Center, faced an accounting scandal in 1999 when it began restating earnings due to accounting irregularities. Six former Rite Aid senior executives were convicted of conspiracy in 2003 for accounting fraud and false filings with the SEC. The company changed its name to Rite Aid Corporation in 1968 and moved its stock to the New York Stock Exchange in 1970.

Rite Aid’s growth was marked by acquisitions like Envision Pharmaceutical Services in 2015 and two merger deals with Walgreens and Albertsons. Former Rite Aid executives admitted to overstating net income between 1997 and 2000.

How old do you have to be to work at Rite Aid in PA?

A minimum age of 18 is required to apply for employment at Valley Green – Corporate. The company offers competitive health plans, paid time off, a 401(k) matching program, and career growth opportunities. The locations in question are Valley Green – Corporate, Rite Aid Store 01758, and Rite Aid Store 11089.

What is a good starting salary in PA?

The average salary in Pennsylvania is $77, 664 per year, or $37. 34 per hour. Entry-level positions start at $41, 600 per year, while most experienced workers earn up to $149, 953 per year. UPS Warehouse Workers/Temporary Cover Drivers work inside as warehouse workers and drive brown trucks to deliver packages to customers. They are friendly, physi-cians. Wells Fargo believes that a meaningful career is more than just a job; it’s about finding all the elements that help you thrive, including a competitive salary and a supportive work environment. Living The WellLife means being supported in life, not just work.

Why did Rite Aid fail?

Rite Aid, a leading pharmacy chain, has experienced a decline in its market share due to rising healthcare costs and stagnant revenue. The company’s debt has accumulated nearly $3 billion in net losses since 2018, limiting its ability to invest in store renovations. The rise of online threats from Amazon and in-store pharmacies at major chains like Walmart and Kroger further undermined Rite Aid’s competitiveness.

Fitch Ratings analyst David Silverman explains that the company’s limited ability to invest in improvements led to its continued decline. However, the pandemic provided Rite Aid with a temporary boost in business through COVID vaccine sales, which in turn boosted sales of other items.