Rite Aid (RAD) Front-End Comps Rose 0.9% in June

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

Monthly Sales

For the four weeks ended June 28, 2014, same store sales increased 3.9 percent over the prior-year period. June front-end same store sales increased 0.9 percent. Pharmacy same store sales, which included an approximate 169 basis points negative impact from new generic introductions, increased 5.4 percent. Prescription count at comparable stores increased 3.5 percent over the prior-year period.

Total drugstore sales for the four-week period increased 3.5 percent to $1.995 billion compared to $1.927 billion for the same period last year. Prescription sales accounted for 68.4 percent of drugstore sales, and third party prescription sales represented 97.5 percent of pharmacy sales.

Year-to-Date

Same store sales for the 17-week period ended June 28, 2014 increased 3.3 percent over the prior-year period. Front-end same store sales increased 0.2 percent while pharmacy same store sales increased 4.8 percent. Prescription count at comparable stores increased 2.6 percent over the prior-year period.

Total drugstore sales for the 17 weeks ended June 28, 2014 increased 2.8 percent with sales of $8.420 billion compared to $8.191 billion for the same period last year. Prescription sales represented 68.4 percent of total drugstore sales, and third party prescription sales represented 97.4 percent of pharmacy sales.

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