Summary
McKesson Corporation (MCK) has filed an 8-K to address the bankruptcy filing of its customer, Rite Aid. The company states that Rite Aid's bankruptcy is not expected to have a material impact on McKesson's fiscal year 2024 Adjusted Earnings Per Diluted Share outlook, which was previously provided on August 2, 2023. Furthermore, McKesson does not anticipate any material impact on its liquidity position or overall operations as a result of this event. Investors are reminded that McKesson will be releasing its second quarter fiscal 2024 financial results after market close on Wednesday, November 1, 2023. A webcast will be available on the company's Investor Relations website for a review of these results. The filing also includes standard cautionary statements regarding forward-looking statements and potential risks, which investors should consider.
Key Highlights
- 1McKesson Corporation (MCK) announced that Rite Aid's bankruptcy filing on October 15, 2023, is not expected to materially impact MCK's fiscal 2024 Adjusted Earnings Per Diluted Share outlook.
- 2The company also stated that Rite Aid's bankruptcy filing is not anticipated to have a material impact on McKesson's liquidity position.
- 3Similarly, McKesson does not expect material impact on its operations due to Rite Aid's bankruptcy.
- 4McKesson will announce its second quarter fiscal year 2024 financial results after market close on November 1, 2023.
- 5A live webcast of the Q2 FY2024 earnings conference call will be held at 4:30 PM Eastern Time on November 1, 2023.
- 6The webcast and related materials will be available on McKesson's Investor Relations website (investor.mckesson.com).