Solid results in the front end and the pharmacy lifted comparable-store sales at Rite Aid Corp. in March.


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Rite Aid comp-store sales climb for March

April 5th, 2012

CAMP HILL, Pa. – Solid results in the front end and the pharmacy lifted comparable-store sales at Rite Aid Corp. in March.

Rite Aid said Thursday that same-store sales climbed 3.6% for the four weeks ended March 31.

That bested the drug chain's 3.1% comp-store sale gain in February and matched the 3.6% same-store increase in December, the company's largest during 2011.

March same-store sales rose 4.6% in the front end and 3.2% in the pharmacy, with the latter reflecting a negative impact of 240 basis points from generic drug introductions, according to Rite Aid.

Prescription count at comparable stores gained 2.6% versus the prior-year period.

Total drug store sales in March came in at nearly $1.99 billion, up 3.1% from $1.93 billion a year earlier.

Prescription sales represented 69.2% of drug store sales during the month, Rite Aid said. That marked an increase from 68.3% in February.

As of March 31, Rite Aid operated 4,659 stores, compared with 4,711 stores a year ago.

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