Rite Aid Sales Slip, Prescriptions Hurt
Stock quotes in this article:RAD
(Updated with stock price.)
NEW YORK (TheStreet) -- Rite Aid(RAD) reported a 0.5% slip in October sales, dragged down by front-end sales and the roll-out of new generic drugs. Front-end comparable sales tumbled 2.7%, while pharmacy sales inched up 0.5%. Pharmacy comparable sales were hurt by the introduction of new generic drugs. Prescriptions filled at comparable stores increased 1.8% over the prior-year period. Total drugstore sales for the month declined 1.7% to $1.96 billion. Shares of the drugstore are climbing 3.2% to $1.30 in morning trading. -- Reported by Jeanine Poggi in New York Follow TheStreet.com on Twitter and become a fan on Facebook.>To order reprints of this article, click here: ReprintsTheStreet Premium Services For Personal Service: 877-471-2967
Jim Cramer's Action Alerts PLUS:
Trade right alongside a Wall Street pro — enjoy access to his Charitable Trust portfolio and be sent trade alerts BEFORE he makes a move. Learn More
ETF Profits:
Get money-making ideas from the hottest investment vehicle on the planet. Our experts show you how to play various ETF sectors to help pump-up your portfolio. Learn More
OptionsProfits:
Get 50+ trade ideas a week from the industry's top options experts. Plus — exclusive commentary on market trends and essential trading tools. Learn More
Real Money:
Our team of professional Wall Street Pros — including Jim Cramer, Doug Kass, and Nicholas Vardy — delivers intelligent analysis, timely trade ideas, and colorful commentary. Learn More
Stocks Under $10:
Break into the market with small- and mid-cap stocks... all $10 or less! David Peltier tells you exactly which low-priced stocks he's buying and selling. Learn MoreTo begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
blog comments powered by Disqus
| Dow Jones | S&P 500 | NASDAQ | 10-Year Note | |
|---|---|---|---|---|
| 12,763.05 | 1,340.64 | 2,902.74 | 19.91 |
Oil *
117.15
|
|
DOWN
127.41 |
DOWN
11.31 |
DOWN
24.49 |
DOWN
0.56 |
10 Yr
1.99%
SPDR Gold
166.86
|
|
-0.99%
|
-0.84%
|
-0.84%
|
-2.74%
|
Data delayed 20 minutes |
Connect with TheStreet