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Rite Aid sees comp-store sales uptick in May
June 7th, 2012
CAMP HILL, Pa. – Comparable-store sales at Rite Aid Corp. edged up in May but grew more slowly than in recent months.
Rite Aid said Thursday that for the five weeks ended June 2, same-store sales increased 1.1% year over year, marking the drug chain's smallest monthly gain so far this calendar year. Comp-store sales had risen 2.9% in April, 3.6% in March, 3.1% in February and 2.2% in January.
May same-store sales gained 1.3% in the front end and 1% in the pharmacy, where generic drug introductions negatively impacted results by 406 basis points, according to Rite Aid. Prescriptions filled at comparable stores grew 2.6% versus a year earlier.
Overall drug store sales for the five-week period were virtually flat, up 0.3% to $2.454 billion from $2.446 billion in the prior-year time span. Prescription sales accounted for 68.2% of drug store sales.
For the 13-week quarter ended June 2, same-store sales climbed 2.5%, reflecting gains of 2.7% in the front end and 2.4% in the pharmacy. Prescription count at comparable stores was up 3% from a year ago.
Total drug store sales in the quarter grew 1.8% to $6.441 billion from $6.329 billion a year earlier. Prescription sales represented 68.4% of overall drug store sales in the period.
As of June 2, Rite Aid operated 4,652 drug stores, compared with 4,704 stores in the prior-year period.