Rite Aid (RAD) March Comps Rose 4.3%

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

Monthly Sales

For the four weeks ended March 28, 2015, same store sales increased 4.3 percent over the prior-year period. March front-end same store sales increased 2.5 percent. Pharmacy same store sales, which included an approximate 167 basis points negative impact from new generic introductions, increased 5.1 percent. Prescription count at comparable stores increased 2.5 percent over the prior-year period.

Total drugstore sales for the four-week period increased 4.1 percent to $2.026 billion compared to $1.947 billion for the same period last year. Prescription sales accounted for 69.9 percent of drugstore sales, and third party prescription sales represented 97.7 percent of pharmacy sales.

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