Lifted by a calendar day shift, Rite Aid Corp. ended 2011 on a strong note by turning in its biggest comparable-store sales increase for the year.


Rite Aid, same-store sales, December, comparable-store sales, comp-store sales, pharmacy, front end, prescription count, comparable stores, drug store sales, drug store revenue, prescriptions filled, drug store, drug chain, Russell Redman














































































































































































































































INSIDE THIS ISSUE
News
Opinion
Other Services
Reprints / E-Prints
Submit News
White Papers

Retail News Breaks Archives

Rite Aid closes out 2011 with largest comp-store gain

January 5th, 2012

CAMP HILL, Pa. – Lifted by a calendar day shift, Rite Aid Corp. ended 2011 on a strong note by turning in its biggest comparable-store sales increase for the year.

The company said Thursday that for the five weeks ended Dec. 31, same-store sales rose 3.6% versus a year earlier. That topped comp-store gains of 1.9% in November and 2.9% in October, which previously had been the drug chain's largest same-store sales increase for the calendar year.

Overall, 2011 marked a same-store sales resurgence for Rite Aid as the drug chain posted gains each month except for March, when comp-store sales results dipped 0.1%. In December 2010 the retailer had reported its first monthly same-store sales increase since May 2009.

Rite Aid said that in December 2011, same-store sales were up 0.7% in the front end and 5.2% in the pharmacy, which reflected a negative impact of 177 basis points from generic drug introductions. Prescription count at comparable stores rose 3.2% over the prior-year period.

The chain noted that December sales were positively impacted by the New Year's holiday calendar shift. Including sales for the holiday period through Jan. 2, overall December same-store sales would have risen 2.1%, with comp-store results flat in the front end and up 3.3% in the pharmacy and prescription count gaining 1.1%.

Total drug store sales in December climbed 3.3% to $2.64 billion from $2.56 billion a year earlier, according to Rite Aid.

For the 44-week year-to-date period ended Dec. 31, same-store sales edged up 1.8%, reflecting increases of 0.8% in the front end and 2.3% in the pharmacy. Prescriptions filled at comparable stores were up 0.7% year over year. Overall drug store revenue for the year to date came in at nearly $21.55 billion, a gain of 1.4% from about $21.25 billion a year earlier.

Rite Aid said that as of Dec. 31, it operated 4,676 drug stores, compared with 4,726 stores a year ago.

Advertisement