Rite Aid (RAD) Reports April Same-Store Sales Increase
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Rite Aid Corporation (NYSE: RAD) today announced April same store sales increased 0.5% over the prior-year period. Pharmacy same store sales increased 1.8%, which included an approximate 386 basis points negative impact from new generic introductions. Front-end same store sales were down 1.7%, negatively impacted by the shift of Easter to March this year versus April last year. Front-end same store sales for the combined March and April sales periods increased 1.9%.
Total drugstore sales for the four-week period increased 46.9 percent to $2.003 billion compared to $1.363 billion for the same period last year. Prescription revenue accounted for 68.3 percent of drugstore sales, and third party prescription revenue represented 96.2 percent of pharmacy sales.
Rite Aid Corporation is a retail drugstore chain in the United States. The Company operates its drugstores in 31 states across the United States and in the District of Columbia.[SM]
Total drugstore sales for the four-week period increased 46.9 percent to $2.003 billion compared to $1.363 billion for the same period last year. Prescription revenue accounted for 68.3 percent of drugstore sales, and third party prescription revenue represented 96.2 percent of pharmacy sales.
Rite Aid Corporation is a retail drugstore chain in the United States. The Company operates its drugstores in 31 states across the United States and in the District of Columbia.[SM]
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