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Healthy? It's your fault Rite Aid is suffering.

Written By Brian Hicks

Posted December 20, 2007

People aren’t getting sick, sniffled Rite Aid’s CEO Mary Sammons, after reducing 2008 targets. Sure, the company, which now expects to lose close to 29 cents a share for 2008 on sales of $24.5 billion, as compared to earlier projections for a 21-cent per share loss on sales of $24.8 billion, is having a tough going.

But of course that wouldn’t have anything to do with its strong competition, could it? Nope. Instead, the CEO of a stock nearing 52-week lows decides to spout:

“Like the rest of the industry, our business has been negatively impacted by a slow start to the cough, cold and flu season and a more cautious consumer.”

Maybe the PR team got busy, and couldn’t shut her up fast enough?