Rite Aid announces October results

CAMP HILL, Pa. Rite Aid Thursday morning posted a 0.4 percent same-store sales increase for the four weeks ended Oct. 27, not including the recently-acquired Brooks/Eckerd stores. Pharmacy same-store sales increased 1.3 percent, which included an approximate 429 basis points negative impact from new generic introductions. Front-end same-store sales decreased 1.4 percent.

Total drugstore sales for the four-week period, which does include the Brooks/Eckerds, increased 50.7 percent to $2 billion. Prescription revenue accounted for 69 percent of drug store sales, and third-party prescription revenue represented approximately 96 percent of pharmacy sales.

Same-store sales for the 34-week period ended Oct. 27 increased 1.4 percent, consisting of a 1.9 percent pharmacy same-store sales increase and a 0.6 percent increase in front-end same-store sales.

Total drug store sales for the 34 week period increased 33.7 percent to $15 billion.