Same-store sales remained on a growth track in October at Rite Aid Corp.


Rite Aid, same-store sales, October, comparable-store sales, comp-store sales, front end, pharmacy, prescriptions filled, prescription count, comparable pharmacy sales, drug store sales, prescription sales, Superstorm Sandy, drug chain, drug stores




























































































































































































































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

Retail News Breaks Archives

Rite Aid posts same-store sales gain for October

October 31st, 2013

CAMP HILL, Pa. – Same-store sales remained on a growth track in October at Rite Aid Corp.

Rite Aid said Thursday that for the four weeks ended Oct. 26, comparable-store sales rose 2.1% year over year. That was up from a 1.9% increase in September and continued steady growth in monthly comp-store sales since the start of the summer.

In the front end, same-store sales dipped 0.6% for October.

Comparable pharmacy sales climbed 3.4% in October and reflected a negative impact of 85 basis points from the introduction of new generic drugs, which carry lower prices but higher profit margins. Prescriptions filled at comparable stores edged up 1.1% for the month.

Rite Aid noted that October results include negative impacts of 1.4% on front-end same-store sales and 0.3% on comp-store prescription count from the cycling of sales prior to Superstorm Sandy last year. The retailer said year-ago results benefited from a sales rise in the days immediately before the devastating hurricane. The company added that it expects the cycling of Sandy's impact to have a positive impact on November results.

In October, overall drug store sales came in at just over $1.96 billion, up 2.2% from nearly $1.92 billion a year earlier. Prescription sales represented 69.1% of drug store sales.

For the 34-week year-to-date period ended Oct. 26, same-store sales were virtually flat, down 0.1% versus the prior-year period. Comp-store results dipped 0.1% in both the front end and the pharmacy, while script count was up 0.2%.

Total drug store sales for the 34 weeks declined 0.3% to $16.41 billion from just over $16.46 billion a year earlier. Prescription sales accounted for 68% of overall drug store sales.

As of Oct. 26, Rite Aid operated 4,599 drug stores, compared with 4,637 stores a year ago.

Advertisement