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During its fiscal first quarter, Rite Aid reported a boost in pharmacy sales, attributed to the introduction of a new category of drugs.聽Pharmacy sales rose 3.4% year over year, fueled by the demand for Ozempic and other GLP-1 receptor agonists. These medications are prescribed for managing Type 2 diabetes and addressing obesity.聽Although sales improved, the company did not experience a proportional increase in profitability.聽 As the cost of these drugs is also high, the impact of the increase in volume of these drugs on our gross profit dollars is minimal, Matthew Schroeder, Rite Aids CFO, said during the retailers earnings call on Thursday June 29 .聽Despite the lack of profit, Rite Aid revised its full-year revenue guidance due to the demand for Ozempic and other high-value GLP-1 drugs. The company
stanley cup now anticipates revenue between $22.6 billion and $23 billion for the fiscal year.聽聽The Ozempic Phenomenon聽The demand for glucagon-like peptide 1 GLP-1 drugs, including Ozempic, Wegovy, Rybelsus and Mounjaro, which are injectable medications that mi
stanley termos mic the functions of GLP-1, a gut hormone responsible for regulating blood sugar le
stanley uk vels and reducing appetite, has jumped in the U.S., resulting in occasional supply shortages. U.S. Food and Drug Administration FDA has issued warnings to patients, urging them to avoid using counterfeit versions of these drugs or alternatives in hopes for the same effects.聽聽On TikTok, Ozempic has garnered over聽1.7 billion views, with creators eith Xogk This Week In Payments: Vulcan Capital s Rick Roberts Talks Overcoming Inertia, Stabilizing SMBs and Contextualizing Finance
Millennials are having a tough time getting credit cards聽鈥?in fact, a new study revealed six out of 10聽10 millennials declined for credit are not seen applying again for at least 12 months.According to data聽from the ID Analytics, a consumer risk management company, millennials often apply for credit but are declined due either to their lack of credit history or to low credit scores, despite often having an ability to repay.While many聽millennials聽may not own credit cards, it is not for a lack of applying for credit. ID Analytics found that
stanley cup millennials are applying for credit cards at higher rates than Generation X or baby boomers 35 percent vs. 29 percent vs. 28
gourde stanley percent, respectively . ID Analytics also found that millennials actually make up a larger percentage of total credit card applicants 35 percent than marketplace loan applicants 28 percent , indicating that this group is interested in traditional forms of credit.Here are the numbers:63% | The number of聽millennials that do not have a credit card35% | The percentage of millennials
stanley termohrnek that apply for credit cards1/3 | The amount of millennials that aren ;t scored聽by a credit bureau due to their lack of credit history29% | The number of聽Generation X that have apply for credit cards
