Rite Aid (RAD) Oct. Comps Rose 1%

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

Monthly Sales

For the four weeks ended Oct. 24, 2015, same store sales increased 1.0 percent over the prior-year period. October front-end same store sales decreased 0.5 percent. Pharmacy same store sales, which included an approximate 249 basis points negative impact from new generic introductions, increased 1.7 percent. Prescription count at comparable stores increased 0.2 percent over the prior-year period.

Total drugstore sales for the four-week period increased 1.4 percent to $2.086 billion compared to $2.058 billion for the same period last year. Prescription sales accounted for 70.7 percent of drugstore sales, and third party prescription sales represented 97.9 percent of pharmacy sales.

Year-to-Date

Same store sales for the 34-week period ended Oct. 24, 2015 increased 2.2 percent over the prior-year period. Front-end same store sales increased 0.3 percent while pharmacy same store sales increased 3.0 percent. Prescription count at comparable stores increased 0.6 percent over the prior-year period.

Total drugstore sales for the 34 weeks ended Oct. 24, 2015 increased 2.2 percent with sales of $17.350 billion compared to $16.982 billion for the same period last year. Prescription sales represented 69.5 percent of total drugstore sales, and third party prescription sales represented 97.8 percent of pharmacy sales.

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