Rite Aid (RAD) on Watch Following Walgreen (WAG) May Sales Results
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Rite Aid (RAD) May Comps Rose 3.5%; Guides Q1 EPS Below Consensus
June 5, 2014 8:05 AM EDTRite Aid (NYSE: RAD) announced sales results for May. The Company also provided preliminary estimated financial results for the quarter ended May 31, 2014 and updated its outlook for 2015 fiscal year.
Monthly Sales
For the five weeks ended May 31, 2014, same store sales increased 3.5 percent over the prior-year period. May front-end same store sales increased 0.5 percent. Pharmacy same store sales, which included an approximate 156 basis points negative impact from new generic introductions, increased 5.0 percent. Prescription count at comparable stores increased 3.2 percent over the prior-year period.
Total drugstore sales for the five-week period increased 2.5 percent to... More
Walgreen (WAG) CL-Buy Reiterated at Goldman Sachs
June 4, 2014 1:44 PM EDTGoldman Sachs maintained a Conviction Buy on Walgreen (NYSE: WAG) with a modified price target of $81.00 (from $80.00). The change follows May SSS data.
"WAG reported total May SSS of 4.4%, a 50/30 bps beat vs. GS/Street, driven by strong script growth and FE SSS,... More
