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Rite Aid announces 1 percent sales increase for August
By Michael Johnsen,
Drug Store News
Thursday, September 6, 2007
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Rite Aid Thursday morning reported a same-store sales increase of 1 percent for the five weeks ended Sept. 1. (Same-store sales do not presently include the recently acquired Brooks and Eckerd stores.) Pharmacy same store sales increased 1.5 percent, which included an approximate 405 basis points negative impact from new generic introductions, and front-end same store sales were flat.
Total drugstore sales for the five-week period increased 52.9 percent to $2.5 billion (which does include Brooks and Eckerd sales) compared to $1.6 billion for the same period last year.
Prescription revenue accounted for 68.2 percent of drugstore sales, and third party prescription revenue represented approximately 95.9 percent of pharmacy sales.
Second Quarter Sales
Same-store sales for the 13-week quarter ended Sept. 1 increased 1.1 percent over the prior year quarter, with a 1.4 percent lift in pharmacy same-store sales and a 0.6 percent increase in front-end same-store sales.
Total drugstore sales for the quarter increased 54.1 percent to $6.6 billion from $4.3 billion in last year's second quarter.
Companies referred to in story:
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