Rite Aid (RAD) Comps Up 1.9% in Sept.
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BTIG Boosts PT on Rite Aid (RAD) to $6; Clean Q2 Results Bode Well Moving Forward
October 3, 2013 9:54 AM EDTBTIG is maintaining a Buy rating on Rite Aid (NYSE: RAD) following Q214 results presented last month. The firm raised its price target from $2.25 up to $6.
Analyst William Frohnhoefer notedthat second-quarter 2014 results were also comforting for what they didn't include. He commented, This years second quarter did not include any new benefits from the dispute between Walgreens (NYSE:... More
Walgreen (WAG) Front-End Comps up 4.1% in Sept.
October 3, 2013 8:01 AM EDTWalgreen Company (NYSE: WAG) had September sales of $5.92 billion, an increase of 8.0 percent from $5.48 billion for the same month in fiscal 2013.
Total front-end sales increased 4.1 percent compared with the same month in fiscal 2013, while comparable store front-end sales increased 2.9 percent. Customer traffic in comparable stores decreased 0.8 percent while basket size increased 3.7 percent.
Prescriptions filled at comparable stores increased by 9.6 percent in September and increased 6.7 percent on a calendar day-shift adjusted basis. This years September had one additional Monday and one fewer Saturday compared with September 2012.... More
