Gains in both the front end and pharmacy propelled Rite Aid Corp. to another month of increased same-store sales in January.


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




























































































































































































































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

Retail News Breaks Archives

Rite Aid's same-store sales stay on growth path

February 2nd, 2012

CAMP HILL, Pa. – Gains in both the front end and pharmacy propelled Rite Aid Corp. to another month of increased same-store sales in January.

Rite Aid said Thursday that for the four weeks ended Jan. 28, comparable-store sales climbed 2.2% from a year earlier. That fell short of the 3.6% comp-store sales gain in December — the drug chain's largest in 2011 — but continued the retailer's resurgence in monthly same-store sales growth.

In January, front-end same store sales rose 2.7%. Pharmacy same-store sales were up 2.1% and reflected an approximate 230-basis-point negative impact from generic drug introductions, according to Rite Aid. Prescription count at comparable stores grew 1.6% versus a year ago.

Total drug store sales in January edged up 1.6% to $1.92 billion from $1.89 billion in the prior-year period. Prescription sales accounted for 70% of drug store sales, Rite Aid reported.

For the nine weeks ended Jan. 28, same-store sales advanced 3% year over year, including increases of 1.4% in the front end and 3.8% in the pharmacy. Prescription count at comparable stores was up 2.5% in the period. Total drug store revenue for the quarterly year-to-date period rose 2.6% to nearly $4.57 billion, with prescription sales accounting for 66.9% of total drug store sales.

Meanwhile, same-store sales for the 48-week year-to-date period grew 1.9%, reflecting gains of 1% in the front end and 2.3% in the pharmacy. Prescriptions filled at comparable stores increased 0.8%. Overall drug store sales for the 48 weeks increased 1.4% to about $23.47 billion. Prescription sales accounted for 68.1% of total drug store revenue in the period.

Rite Aid said that as of Jan. 28, the company had 4,672 stores, compared with 4,718 stores a year earlier.

Advertisement