Rite Aid (RAD) Reports Same Store Sales Fall 0.3%
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Rite Aid Corporation (NYSE: RAD) announced that for the four weeks ended September 26, 2009, same store sales decreased 0.3% over the prior-year period.
Front-end same store sales decreased 2.3 percent while pharmacy same store sales, which included an approximate 186 basis points negative impact from new generic introductions, increased 0.7 percent.
Total drugstore sales for the four-week period decreased 1.5 percent to $1.941 billion compared to $1.971 billion for the same period last year. Prescription revenue accounted for 68.5 percent of drugstore sales, and third party prescription revenue represented 96.1 percent of pharmacy sales.
Front-end same store sales decreased 2.3 percent while pharmacy same store sales, which included an approximate 186 basis points negative impact from new generic introductions, increased 0.7 percent.
Total drugstore sales for the four-week period decreased 1.5 percent to $1.941 billion compared to $1.971 billion for the same period last year. Prescription revenue accounted for 68.5 percent of drugstore sales, and third party prescription revenue represented 96.1 percent of pharmacy sales.
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