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Rite Aid reports same-store sales increase


CAMP HILL, Pa. Rite Aid on Thursday reported a 0.6% same-store sales increase for the quarter ended May 30, with an increase across its pharmacy comparable sales of 1.6% and a decline in front-end same-store sales of 1.6%.

Same-store results across the chain’s Brooks/Eckerd acquired store base declined 1.3%, with a 1.1% decline in pharmacy same-store sales and a 2% decline across the front-end. Rite Aid’s core stores improved its pharmacy same-store results by 3.1% and realized a 1.4% decline in front-end comparable sales.

Total drug store sales for the five-week period decreased 1.2% to $6.5 billion. Prescription revenue accounted for 68.2% of drugstore sales, and third-party prescription revenue represented 96.3% of pharmacy sales.

Despite falling slightly short of analyst expectations, according to published reports, Rite Aid shares were trading up almost 8% Thursday morning, selling at $1.53 from a Wednesday close of $1.39.

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