Rite Aid Corp (RAD) Comps Fell 2.2% in December
Get Alerts RAD Hot Sheet
Join SI Premium – FREE
Rite Aid Corporation (NYSE: RAD) today announced sales results for December.
Monthly Sales
For the four weeks ended Dec. 29, 2012, same store sales decreased 2.2 percent over the prior-year period. December front-end same store sales decreased 1.0 percent. The New Year’s holiday calendar shift had a negative impact of 1.1 percent on front-end same store sales results. Pharmacy same store sales, which included an approximate 605 basis points negative impact from new generic introductions, decreased 2.9 percent. Prescription count at comparable stores increased 4.4 percent over the prior-year period. Increases in flu-related prescriptions and flu shots contributed 1.7 percent of this increase.
Total drugstore sales for the four-week period decreased 2.7 percent to $2.054 billion compared to $2.112 billion for the same period last year. Prescription sales accounted for 62.9 percent of drugstore sales, and third party prescription sales represented 96.6 percent of pharmacy sales.
Year-to-Date Sales
Same store sales for the 43-week period ended Dec. 29, 2012 increased 0.1 percent over the prior-year period. Front-end same store sales increased 1.4 percent while pharmacy same store sales decreased 0.6 percent. Prescription count at comparable stores increased 3.6 percent over the prior-year period.
Total drugstore sales for the 43 weeks ended Dec. 29, 2012 decreased 0.6 percent with sales of $20.913 billion compared to $21.030 billion for the same period last year. Prescription sales represented 67.4 percent of total drugstore sales, and third party prescription sales represented 96.6 percent of pharmacy sales.
Monthly Sales
For the four weeks ended Dec. 29, 2012, same store sales decreased 2.2 percent over the prior-year period. December front-end same store sales decreased 1.0 percent. The New Year’s holiday calendar shift had a negative impact of 1.1 percent on front-end same store sales results. Pharmacy same store sales, which included an approximate 605 basis points negative impact from new generic introductions, decreased 2.9 percent. Prescription count at comparable stores increased 4.4 percent over the prior-year period. Increases in flu-related prescriptions and flu shots contributed 1.7 percent of this increase.
Total drugstore sales for the four-week period decreased 2.7 percent to $2.054 billion compared to $2.112 billion for the same period last year. Prescription sales accounted for 62.9 percent of drugstore sales, and third party prescription sales represented 96.6 percent of pharmacy sales.
Year-to-Date Sales
Same store sales for the 43-week period ended Dec. 29, 2012 increased 0.1 percent over the prior-year period. Front-end same store sales increased 1.4 percent while pharmacy same store sales decreased 0.6 percent. Prescription count at comparable stores increased 3.6 percent over the prior-year period.
Total drugstore sales for the 43 weeks ended Dec. 29, 2012 decreased 0.6 percent with sales of $20.913 billion compared to $21.030 billion for the same period last year. Prescription sales represented 67.4 percent of total drugstore sales, and third party prescription sales represented 96.6 percent of pharmacy sales.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Atlassian (TEAM) comes ahead of Street estimates in Q1 but shares tumble
- SilverBow Resources (SBOW) Sends Letter to Shareholders Highlighting Path Forward for Value Creation
- IBM tumbles on soft Q1 revenue; announces HashiCorp $6.4bn acquisition
Create E-mail Alert Related Categories
Retail SalesSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!