Rite Aid (RAD) July Comps Rose 4.6%

Rite Aid (NYSE: RAD) announced sales results for July.

Monthly Sales

For the four weeks ended July 26, 2014, same store sales increased 4.6 percent over the prior-year period. July front-end same store sales increased 1.5 percent. Pharmacy same store sales, which included an approximate 203 basis points negative impact from new generic introductions, increased 6.0 percent. Prescription count at comparable stores increased 3.9 percent over the prior-year period.

Total drugstore sales for the four-week period increased 4.1 percent to $1.975 billion compared to $1.898 billion for the same period last year. Prescription sales accounted for 68.6 percent of drugstore sales, and third party prescription sales represented 97.5 percent of pharmacy sales.

Year-to-Date

Same store sales for the 21-week period ended July 26, 2014 increased 3.5 percent over the prior-year period. Front-end same store sales increased 0.5 percent while pharmacy same store sales increased 5.0 percent. Prescription count at comparable stores increased 2.8 percent over the prior-year period.

Total drugstore sales for the 21 weeks ended July 26, 2014 increased 3.0 percent with sales of $10.395 billion compared to $10.089 billion for the same period last year. Prescription sales represented 68.4 percent of total drugstore sales, and third party prescription sales represented 97.5 percent of pharmacy sales.

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