Rite Aid sees comp-store sales edge up in May

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CAMP HILL, Pa. — Comparable-store sales at Rite Aid Corp. rose in May despite almost flat results in the front end.

Rite Aid_Hudson St_Manhattan_frontThe drug chain said Thursday that for the five weeks ended May 30, same-store sales gained 2.1% year over year. The company had reported a 3% comp-store sales increase for April.

In the front end, same-store sales inched up 0.1% in May. Comparable pharmacy sales climbed 3% for the month and reflected a negative impact of 179 basis points from introductions of new generic drugs.

Prescriptions filled at comparable stores were up 0.7% over the prior-year period.

Overall drug store sales in May advanced 2% to $2.535 billion from $2.484 billion a year earlier. Prescription sales represented 68.7% of drug store sales, the company said.

For the fiscal 2016 first quarter ended May 30, same-store sales rose 2.9% year over year, including gains of 0.6% in the front end and 3.9% in the pharmacy. Prescription count at comparable stores gained 1.6% in the quarter.

Total drug store sales for the 13-week period came in at $6.603 billion, up 2.8% from $6.425 billion a year ago. Prescription sales accounted for 69.1% of overall drug store sales.

As of May 30, Rite Aid operated 4,566 stores, compared with 4,581 stores a year earlier.



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