RTTNews | Mar 25, 2021 09:58AM EDT

09:57 Thursday, March 25, 2021 (RTTNews.com) - Shares of retail drugstore chain Rite Aid Corporation (RAD) are down more than 19% Thursday morning after the company updated its full-year guidance.

The company said its fourth quarter results were significantly impacted by a soft cough, cold and flu season, ongoing impacts related to Covid-19 and challenging weather conditions.

It currently sees revenue to be about $24 billion in the full-year compared with $23.9 billion to $24.2 billion announced earlier. Analysts polled by Thomson Reuters expect the company to report revenue of $24.07 billion for the period.

The company sees net loss of between $90 million and $100 million in the full-year.

Rite Aid Corporation is scheduled to release fourth-quarter results on Apr. 15, 2021.

RAD, currently at $18.76, has been trading in the range of $8.86- $32.48 in the last one year.

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