The Camp Hill, Pa., chain says it lost $73.7 million, or 9 cents per share, in the quarter ended May 29. That compares with $98.4 million, or 11 cents per share, a year ago. Revenue fell 2 percent to $6.39 billion from $6.53 billion as the company closed stores and dealt with a weak economy.
Thomson Reuters says analysts expected a loss of 14 cents per share and $6.4 billion in revenue.
Rite Aid says revenue in stores open at least a year fell 1 percent.
The company is backing its fiscal 2011 forecasts. Rite Aid runs 4,767 stores.