Same-store sales edge up in July at Rite Aid

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CAMP HILL, Pa. — Comparable pharmacy sales growth more than offset flat front-end results to lift Rite Aid Corp.’s same-store sales for July.

Rite Aid storefront_AmherstNY_2015Rite Aid said Thursday that for the four weeks ended July 25, comparable-store sales rose 2.4% year over year, matching the comp-store growth posted in June.

In the front end, same-store sales inched up 0.1% in July. Comparable pharmacy sales grew 3.4% and reflected a negative impact of 221 basis points from introductions of new generic drugs, according to Rite Aid.

Prescriptions filled in comparable stores increased 0.7% for the month compared with a year ago.

Overall drug store sales for July came in at $2.016 billion, up 2.1% from $1.975 billion a year earlier. Prescription sales represented 69.2% of drug store sales, Rite Aid said.

For the 21-week fiscal year to date ended July 25, same-store sales advanced 2.7% versus the prior-year period, including gains of 0.5% in the front end and 3.7% in the pharmacy. Prescription count at comparable stores edged up 1.2%

Total drug store sales for the year to date increased 2.5% to $10.659 billion from $10.395 billion in the same period last year. Prescription sales accounted for 69.1% of drug store sales during the period.

As of July 25, Rite Aid operated 4,560 drug stores, compared with 4,573 stores a year earlier.


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