Rite Aid (RAD) Reports 3.9% Gain in August Comps

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

Monthly Sales

For the five weeks ended Aug. 30, 2014, same store sales increased 3.9 percent over the prior-year period. August front-end same store sales increased 1.1 percent. Pharmacy same store sales, which included an approximate 219 basis points negative impact from new generic introductions, increased 5.2 percent. Prescription count at comparable stores increased 3.7 percent over the prior-year period.

Total drugstore sales for the five-week period increased 3.7 percent to $2.515 billion compared to $2.425 billion for the same period last year. Prescription sales accounted for 69.3 percent of drugstore sales, and third party prescription sales represented 97.5 percent of pharmacy sales.

Quarterly Sales

Same store sales for the 13-week period ended Aug. 30, 2014 increased 4.1 percent over the prior-year period. Front-end same store sales increased 1.1 percent while pharmacy same store sales increased 5.6 percent. Prescription count at comparable stores increased 3.7 percent over the prior-year period.

Total drugstore sales for the 13 weeks ended Aug. 30, 2014 increased 3.7 percent with sales of $6.485 billion compared to $6.250 billion for the same period last year. Prescription sales represented 68.8 percent of total drugstore sales, and third party prescription sales represented 97.5 percent of pharmacy sales.

Year-to-Date

Same store sales for the 26-week period ended Aug. 30, 2014 increased 3.6 percent over the prior-year period. Front-end same store sales increased 0.6 percent while pharmacy same store sales increased 5.1 percent. Prescription count at comparable stores increased 3.0 percent over the prior-year period.

Total drugstore sales for the 26 weeks ended Aug. 30, 2014 increased 3.2 percent with sales of $12.910 billion compared to $12.514 billion for the same period last year. Prescription sales represented 68.6 percent of total drugstore sales, and third party prescription sales represented 97.5 percent of pharmacy sales.

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