Rite Aid (RAD) March Comps Up 0.7%

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

Monthly Sales

For the four weeks ended March 29, 2014, same store sales increased 0.7 percent over the prior-year period. March front-end same store sales decreased 5.0 percent, with 4.1 percent of the decrease attributable to a shift in the timing of Easter, which falls on April 20 this year compared to March 31 last year. Pharmacy same store sales, which included an approximate 133 basis points negative impact from new generic introductions, increased 3.5 percent. Prescription count at comparable stores increased 1.1 percent over the prior-year period.

Total drugstore sales for the four-week period increased 0.4 percent to $1.947 billion compared to $1.939 billion for the same period last year. Prescription sales accounted for 69.4 percent of drugstore sales, and third party prescription sales represented 97.4 percent of pharmacy sales.

Rite Aid is one of the nation’s largest drugstore chains. On March 29, 2014, the company operated 4,584 stores compared to 4,621 stores in the like period a year ago. Information about Rite Aid, including corporate background and press releases, is available through the company’s website athttp://www.riteaid.com. Note that all sales data in this release is preliminary, unaudited and subject to revision.

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