Rite Aid (RAD) Comps Rose 5.1% in Sept.

Rite Aid (NYSE: RAD) said for the four weeks ended Sept. 27, 2014, same store sales increased 5.1 percent over the prior-year period. September front-end same store sales increased 2.3 percent. Pharmacy same store sales, which included an approximate 225 basis points negative impact from new generic introductions, increased 6.3 percent. Prescription count at comparable stores increased 4.4 percent over the prior-year period.

Total drugstore sales for the four-week period increased 4.5 percent to $2.022 billion compared to $1.935 billion for the same period last year. Prescription sales accounted for 69.5 percent of drugstore sales, and third party prescription sales represented 97.6 percent of pharmacy sales.

Year-to-Date

Same store sales for the 30-week period ended Sept. 27, 2014 increased 3.8 percent over the prior-year period. Front-end same store sales increased 0.8 percent while pharmacy same store sales increased 5.2 percent. Prescription count at comparable stores increased 3.2 percent over the prior-year period.

Total drugstore sales for the 30 weeks ended Sept. 27, 2014 increased 3.3 percent with sales of $14.924 billion compared to $14.449 billion for the same period last year. Prescription sales represented 68.7 percent of total drugstore sales, and third party prescription sales represented 97.5 percent of pharmacy sales.

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