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Rite Aid's June sales results include Brooks/Eckerd

7/7/2008

CAMP HILL, Pa. For the first time including the Brooks/Eckerd stores in its same-store sales results, Rite Aid on Thursday posted a decline of 0.4 percent in overall comp sales for the four weeks ending June 28, which represented a 0.5 percent decrease in pharmacy same-store sales and a 0.2 percent decline in front-end same-store sales.

Rite Aid’s core store base improved 2.6 percent on an overall same-store basis, with a 2.6 percent lift in pharmacy same-store sales and growth of 2.9 percent across its front-end year-ago results.

Accordingly, the Brooks/Eckerd same-store sales decreased overall 6.2 percent over the prior-year period. Pharmacy same-store sales decreased 5.4 percent and front-end same-store sales were down 8.1 percent.

Total drugstore sales for the four-week period dropped 2.5 percent to $2 billion.

Prescription revenue accounted for 66.5 percent of drugstore sales, and third party prescription revenue represented 96.4 percent of pharmacy sales.

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