Rite Aid (RAD) Comps Rose 1.1% in May

June 7, 2012 8:31 AM EDT
Rite Aid Corporation (NYSE: RAD) reports sales of $2.454 billion in May, an increase of 0.3 percent. Comps were up 1.1 percent for the month.

ay front-end same store sales increased 1.3 percent. Pharmacy same store sales, which included an approximate 406 basis points negative impact from new generic introductions increased 1.0 percent.

Same store sales for the 13-week period ended June 2, 2012 increased 2.5 percent over the prior-year period. Front-end same store sales increased 2.7 percent while pharmacy same store sales increased 2.4 percent. Prescription count at comparable stores increased 3.0 percent over the prior-year period.

Total drugstore sales for the 13-week period increased 1.8 percent with sales of $6.441 billion compared to $6.329 billion for the same period last year. Prescription sales represented 68.4 percent of total drugstore sales, and third party prescription sales represented 96.6 percent of pharmacy sales.


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