Rite Aid Reports Same Store Sales for August
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Cowen Remains Bullish on Rite Aid (RAD) Following 2Q Sales
September 3, 2015 1:43 PM EDTCowen reiterated an Outperform rating and $12.00 price target on Rite-Aid (NYSE: RAD) following the company's 2Q16 sales report. RAD reported F2Q16 total drugstore sales of $6,602M, representing +1.9% y/y growth. RAD reported total monthly SSS of +1.6%, down compared to +3.9% in August of last... More
Rite Aid (RAD) August Comps Increased 1.6%, Front-End Comps Increased 0.6%
September 3, 2015 8:33 AM EDTRite Aid Corporation (NYSE: RAD) today announced sales results for August.
Monthly Sales
For the five weeks ended Aug. 29, 2015, same store sales increased 1.6 percent over the prior-year period. August front-end same store sales increased 0.6 percent. Pharmacy same store sales, which included an approximate 222 basis points negative impact from new generic introductions, increased 2.1 percent. Prescription count at comparable stores decreased 0.3 percent over the prior-year period.
Total drugstore sales for the five-week period increased 1.6 percent to $2.546... More
