Friday, April 30, 2021 6:42:36 PM
California and New York allow for trained technicians to administer the vaccine so 50 to 100 daily is doable at busy locations now that supply is no longer an issue. Those two states account for over a third of all Rite Aid locations. March till April 15 there was a very limited supply and and Rite Aid announced 2 million vaccinations were done with les than half of locations with supply. So second half of April and May should be much busier and another 3 million looks like a reasonable target. 5 million for quarter?
Profitability? Normal vaccinations $17 administration fee is considered high margin. Guessing $10 margin and $7 costs.
$40 vaccination minus the $7 cost = $33 margin. Fuzzy expenses added and you have $30 margin. With government contracts nobody makes anything clear so who knows how it will be reported.
$30 margin X 5 million vaccinations = $150 margin = $3.00 share actual profit. Reported profit will look different from actual profit. Good accountants do that for you.
Rite Aid did a 1/20 reverse split. Low share count equals outsized gains when company does well.
* Next quarter I would guess 1/3 the volume = $1.00/share just for vaccinations.
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