- Rite Aid finishes tough fiscal year, but Q4 shows improvements
- Rite Aid’s new loyalty program a major bright spot in tough Q3
- Rite Aid beats analysts' estimates; positive comps across the board
- Rite Aid trims losses as loyalty program, new formats drive same-store sales
- Rite Aid appoints new EVP merchandising
CAMP HILL, Pa. — Same-store sales at Rite Aid increased by 1.8% in June, the retail pharmacy chain said Thursday.
During the four-week period ended June 25, front-end sales were up 1.5% over the same period last year, while pharmacy sales increased by 1.9%, including a reduction of about 163 basis points due to new introductions of generic drugs.
Total drug store sales for the month increased 1% to $1.93 billion, compared with $1.91 billion in June 2010.
For the 17 weeks ended June 25, same-store sales increased by 1%, including a 0.4% increase in sales on the front end and a 1.3% increase in pharmacy sales. Total drug store sales increased 0.2%, to $8.29 billion, compared with $8.28 billion during the same period last year.