Rite Aid Reports Same Store Sales for February

Rite Aid Corporation (NYSE: RAD) today announced sales results of its retail pharmacy segment for February.

Monthly Sales
For the five weeks ended Feb. 27, 2016, same store sales decreased 0.8 percent over the prior-year period. February front-end same store sales decreased 0.5 percent. Pharmacy same store sales, which included an approximate 269 basis points negative impact from new generic introductions, decreased 0.9 percent. Prescription count at comparable stores increased 1.4 percent over the prior-year period.

Total drugstore sales for the five-week period increased 0.1 percent with sales of $2.562 billion compared to $2.559 billion for the same period last year. Prescription sales accounted for 69.4 percent of drugstore sales, and third party prescription sales represented 98.0 percent of pharmacy sales.

Quarterly Sales
Same store sales for the 13-week period ended Feb. 27, 2016 decreased 0.6 percent over the prior-year period. Front-end same store sales decreased 0.4 percent while pharmacy same store sales decreased 0.8 percent. Prescription count at comparable stores increased 0.1 percent over the prior-year period.

Total drugstore sales for the 13 weeks ended Feb. 27, 2016 decreased 0.3 percent with sales of $6.775 billion compared to $6.796 billion for the same period last year. Prescription sales represented 68.1 percent of total drugstore sales, and third party prescription sales represented 97.9 percent of pharmacy sales.

Year-to-Date
Same store sales for the 52-week period ended Feb. 27, 2016 increased 1.3 percent over the prior-year period. Front-end same store sales increased 0.2 percent while pharmacy same store sales increased 1.8 percent. Prescription count at comparable stores increased 0.5 percent over the prior-year period.

Total drugstore sales for the 52 weeks ended Feb. 27, 2016 increased 1.3 percent with sales of $26.681 billion compared to $26.349 billion for the same period last year. Prescription sales represented 69.1 percent of total drugstore sales, and third party prescription sales represented 97.8 percent of pharmacy sales.

Going forward, Rite Aid will no longer report sales and comparable store sales results on a monthly basis. Rite Aid will continue to provide this information on a quarterly basis as part of its quarterly reporting.
https://www.riteaid.com/corporate/news?p_p_id=riteaidpressreleases_WAR_riteaidpressreleasesportlet&p_p_lifecycle=0&p_p_state=normal&p_p_mode=view&p_p_col_id=column-3&p_p_col_pos=2&p_p_col_count=3&_riteaidpressreleases_WAR_riteaidpressreleasesportlet_action=getNewsRoomDetail&itemNumber=1949

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