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September same-store sales up at Rite Aid
September 30th, 2011
CAMP HILL, Pa. – Despite a dip in the front end, same-store sales for Rite Aid Corp. rose during September.
Rite Aid said Thursday that for the four weeks ended Sept. 24, comparable-store sales edged up 1.3% versus a year earlier. The uptick kept up the drug store chain's monthly comp-store sales growth this year but was down from a 2.5% increase in August and slightly larger gains during the other summer months.
According to Rite Aid, same-store sales for the month softened because of the negative impact of Hurricane Irene on sales results in early September.
By department, same-store sales in September were down 0.5% in the front end but climbed 2.1% in the pharmacy. Rite Aid noted that pharmacy same-store results reflected a 143-basis-point negative impact from generic drug introductions and that prescription count at comparable stores fell 0.5% over the prior-year period.
Total drug store sales in September came in at $1.92 billion, up 1.1% from $1.90 billion a year ago.
For the 30-week year-to-date period ended Sept. 24, same-store sales grew 1.4%, including gains of 1% in the front end and 1.6% in the pharmacy. Prescriptions filled at comparable stores inched up 0.2% versus a year earlier. Overall drug store sales for the year to date advanced 0.9% to nearly $14.54 billion from $14.41 billion in the year-ago period.
As of Sept. 24, Rite Aid operated 4,694 drug stores, compared with 4,742 stores a year ago.