Rite Aid (RAD) Comps Fell 1.4% in Jan.

Rite Aid Corporation (NYSE: RAD) announced sales results of its retail pharmacy segment for January.

Monthly Sales

For the four weeks ended Jan. 23, 2016, same store sales decreased 1.4 percent over the prior-year period. January front-end same store sales decreased 1.9 percent. Pharmacy same store sales, which included an approximate 242 basis points negative impact from new generic introductions, decreased 1.2 percent. Prescription count at comparable stores decreased 1.0 percent over the prior-year period.

Total drugstore sales for the four-week period decreased 1.3 percent with sales of $2.000 billion compared to $2.026 billion for the same period last year. Prescription sales accounted for 70.5 percent of drugstore sales, and third party prescription sales represented 97.7 percent of pharmacy sales.

Year-to-Date

Same store sales for the 47-week period ended Jan. 23, 2016 increased 1.5 percent over the prior-year period. Front-end same store sales increased 0.3 percent while pharmacy same store sales increased 2.0 percent. Prescription count at comparable stores increased 0.4 percent over the prior-year period.

Total drugstore sales for the 47 weeks ended Jan. 23, 2016 increased 1.4 percent with sales of $24.119 billion compared to $23.791 billion for the same period last year. Prescription sales represented 69.1 percent of total drugstore sales, and third party prescription sales represented 97.8 percent of pharmacy sales.

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