This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Rite Aid Reports 0.4 Percent Same Store Sales Increase For August

Rite Aid Corporation (NYSE: RAD) today announced sales results for August.

Monthly Sales

For the five weeks ended September 1, 2012, same store sales increased 0.4 percent over the prior-year period. August front-end same store sales increased 2.4 percent. Pharmacy same store sales, which included an approximate 819 basis points negative impact from new generic introductions decreased 0.6 percent. Prescription count at comparable stores increased 4.5 percent over the prior-year period.

Total drugstore sales for the five-week period decreased 0.4 percent to $2.406 billion compared to $2.414 billion for the same period last year. Prescription sales accounted for 67.6 percent of drugstore sales, and third party prescription sales represented 96.4 percent of pharmacy sales.

Quarterly Sales

Same store sales for the 13-week period ended September 1, 2012 were flat compared to the prior-year period. Front-end same store sales increased 1.4 percent while pharmacy same store sales decreased 0.7 percent. Prescription count at comparable stores increased 4.0 percent over the prior-year period.

Total drugstore sales for the 13-week period decreased 0.7 percent with sales of $6.208 billion compared to $6.251 billion for the same period last year. Prescription sales represented 67.5 percent of total drugstore sales, and third party prescription sales represented 96.5 percent of pharmacy sales.

Year-to-Date Sales

Same store sales for the 26-week period ended September 1, 2012 increased 1.2 percent over the prior-year period. Front-end same store sales increased 2.0 percent while pharmacy same store sales increased 0.8 percent. Prescription count at comparable stores increased 3.5 percent over the prior-year period.

Total drugstore sales for the 26 weeks ended September 1, 2012 increased 0.5 percent with sales of $12.646 billion compared to $12.581 billion for the same period last year. Prescription sales represented 68.0 percent of total drugstore sales, and third party prescription sales represented 96.6 percent of pharmacy sales.

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
To 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.
Submit an article to us!
SYM TRADE IT LAST %CHG

Markets

DOW 17,698.18 -77.94 -0.44%
S&P 500 2,059.69 -8.20 -0.40%
NASDAQ 4,880.2280 -20.6570 -0.42%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs