Rite Aid reports increased pharmacy sales
Rite Aid Corp. reported increased pharmacy sales in February, as well as in the previous three-month cycle.
Pharmacy same-store sales, which included an approximate 138 basis points negative impact from new generic introductions, increased 3.1 percent in February. For the quarterly period ending March 1, pharmacy same-store sales increased 3.5 percent, Rite Aid announced in a news release.
All sales numbers are a year-over-year comparison. For the five weeks ending March 1, overall same-store sales increased 1.5 percent. February front-end same-store sales decreased 1.8 percent, of which 0.5 percent was attributable to a decrease in sales of flu-related over-the-counter products.
Prescription count at comparable stores decreased 1.4 percent, of which 1.3 percent was attributable to a decrease in flu-related prescriptions.
Total drugstore sales for the five-week period increased 2.4 percent, to $2.52 billion, compared to $2.46 billion last year. Prescription sales accounted for 69.1 percent of drugstore sales, and third-party prescription sales represented 97.3 percent of pharmacy sales.
Quarterly same-store sales increased 2.1 percent over the prior-year period. Front-end same-store sales decreased 0.7 percent. Prescription count at comparable stores decreased 1.8 percent.
Total drugstore sales for the 13 weeks ending March 1 increased 2.2 percent, with sales of $6.57 billion compared to $6.43 billion last year. Prescription sales represented 67.5 percent of total drugstore sales, and third-party prescription sales represented 97.1 percent of pharmacy sales.
Same-store sales for the 52-week period ending March 1 increased 0.7 percent over the prior-year period. Front-end same store sales decreased 0.2 percent, while pharmacy same-store sales increased 1.2 percent. Prescription count at comparable stores decreased 0.3 percent.
Total drugstore sales for the one-year period increased 0.5 percent, with sales of $25.41 billion compared to $25.28 billion. Prescription sales represented 67.9 percent of total drugstore sales, and third-party prescription sales represented 97 percent of pharmacy sales.
Headquartered in East Pennsboro Township, Rite Aid is one of the nation's largest drugstore chains. As of March 1, the company operated 4,587 stores compared to 4,623 stores a year ago.