Rite Aid continues positive momentum with 4.3% same-store sales lift in March

CAMP HILL, Pa. — Shares of Rite Aid were up slightly Thursday morning by 3% to more than $8.85 in early morning trading, following the company's report of March results. 

 

For the four weeks ended March 28, overall same-store sales increased 4.3%, with a front-end same-store sales increase of 2.5% and pharmacy same-store sales increase of 5.1%. Pharmacy same-store sales results included an approximate 167 basis points negative impact from new generic introductions. 

 

Prescription count at comparable stores increased 2.5% over the prior-year period.

 

Total drug store sales for the four-week period increased 4.1% to $2 billion. Prescription sales accounted for 69.9% of drug store sales, and third party prescription sales represented 97.7% of pharmacy sales.