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TheStreet Open House

Rite Aid Reports Same Store Sales For November

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

Monthly Sales

For the five weeks ended Nov. 30, 2013, same store sales increased 2.8 percent over the prior-year period. November front-end same store sales increased 0.4 percent. Pharmacy same store sales, which included an approximate 81 basis points negative impact from new generic introductions, increased 3.9 percent. Prescription count at comparable stores increased 0.1 percent over the prior-year period.

Total drugstore sales for the five-week period increased 1.6 percent to $2.434 billion compared to $2.396 billion for the same period last year. Prescription sales accounted for 68.1 percent of drugstore sales, and third party prescription sales represented 97.1 percent of pharmacy sales.

Superstorm Sandy Impact

The Company estimates that the cycling of the impact of Superstorm Sandy on prior year results had a positive impact of 0.4 percent on front end same store sales and 1.6 percent on comparable store prescription count growth.

Quarterly Sales

Same store sales for the 13-week period ended Nov. 30, 2013 increased 2.3 percent over the prior-year period. Front-end same store sales decreased 0.2 percent while pharmacy same store sales increased 3.5 percent. Prescription count at comparable stores increased 0.7 percent over the prior-year period.

Total drugstore sales for the 13 weeks ended Nov. 30, 2013 increased 1.9 percent with sales of $6.330 billion compared to $6.213 billion for the same period last year. Prescription sales represented 68.6 percent of total drugstore sales, and third party prescription sales represented 97.1 percent of pharmacy sales.

Year-to-Date

Same store sales for the 39-week period ended Nov. 30, 2013 increased 0.3 percent over the prior-year period. Front-end same store sales were flat compared to the prior-year period while pharmacy same store sales increased 0.4 percent. Prescription count at comparable stores increased 0.2 percent over the prior-year period.

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