Rite Aid (RAD) June Comps Rose 2.4%

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

Monthly Sales

For the four weeks ended June 27, 2015, same store sales increased 2.4 percent over the prior-year period. June front-end same store sales increased 0.3 percent. Pharmacy same store sales, which included an approximate 226 basis points negative impact from new generic introductions, increased 3.4 percent. Prescription count at comparable stores increased 0.2 percent over the prior-year period.

Total drugstore sales for the four-week period increased 2.2 percent to $2.040 billion compared to $1.995 billion for the same period last year. Prescription sales accounted for 69.0 percent of drugstore sales, and third party prescription sales represented 97.8 percent of pharmacy sales.

Year-to-Date

Same store sales for the 17-week period ended June 27, 2015 increased 2.8 percent over the prior-year period. Front-end same store sales increased 0.6 percent while pharmacy same store sales increased 3.8 percent. Prescription count at comparable stores increased 1.3 percent over the prior-year period.

Total drugstore sales for the 17 weeks ended June 27, 2015 increased 2.6 percent with sales of $8.643 billion compared to $8.420 billion for the same period last year. Prescription sales represented 69.1 percent of total drugstore sales, and third party prescription sales represented 97.7 percent of pharmacy sales.

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