ADVFN - Advanced Financial Network.
HOME» NYSE » R » RAD Stock Price » RAD Stock News

Rite Aid Share News

 Rite Aid Corp. Stock Price
RAD Stock Price
 Rite Aid Corp. Stock Chart
RAD Stock Chart
 Rite Aid Corp. Stock News
RAD Stock News
 Rite Aid Corp. Company Information
RAD Company Information
 Rite Aid Corp. Stock Trades
RAD Stock Trades

Walgreen December Same-Store Sales Up 0.4%, Edging Past Views

DOW JONES NEWSWIRES Walgreen Co.'s (WAG) same-store sales inched up 0.4% in December amid a milder flu season and the looming loss of major customer Express Scripts Inc. (ESRX), whose contract with the drugstore chain expired at the end of the year. Analysts polled by Thomson Reuters expected same-store sales to decline 0.1% in December. The largest drugstore chain in the U.S. posted higher same-store sales in each month of 2011, though December's gain was the weakest. Walgreen last month unveiled a plan to cut costs to help protect profits in anticipation of client losses from the failure to renew a contract with pharmacy-benefits manager Express Scripts. On Thursday, the company estimated the dispute negatively affected comparable prescriptions filled in Decemeber by roughly 1.5 percentage points. For last month, same-store front-end sales increased 0.6%, well below analysts' projections of a 2.1% increase, while same-pharmacy sales were up 0.2%, beating expectations for a 0.4% decline. Pharmacy sales accounted for 58.4% of total sales for the month. Flu shots administered at pharmacies and clinics season-to-date were 5.3 million versus 6 million last year. Elsewhere in the drugstore universe, smaller rival Rite-Aid Corp. (RAD) on Thursday reported its same-store sales increased 3.6% in December, with a 0.7% increase in the front end of the store and a 5.2% jump in pharmacy same-store sales. Analysts expect Rite Aid and CVS Caremark Corp. (CVS) each to gain market share as Express Scripts customers are forced to shift their prescriptions away from Walgreen. Roughly a third of Rite Aid stores are within a mile of a Walgreen location. Shares of Walgreen were up 1.1% to $33.20 in trade before the market open. Shares of Rite-Aid were up a penny from its Wednesday close at $1.25. -By Mia Lamar, Dow Jones Newswires; 212-416-3207; mia.lamar@dowjones.com

Stock News for Rite Aid (RAD)
DateTimeHeadline
04/17/201515:41:14Statement of Changes in Beneficial Ownership (4)
04/14/201515:45:21Statement of Changes in Beneficial Ownership (4)
04/14/201515:09:13Statement of Changes in Beneficial Ownership (4)
04/14/201514:43:07Statement of Changes in Beneficial Ownership (4)
04/14/201509:04:19Significant Growth Potential Earns Walgreen Boots Alliance A...
04/12/201513:26:27Selling Rite Aid And Adding Lululemon In The Growth Portfolio
04/12/201503:35:14Intelligent Strategies And Future Centric Approach Earn Rite...
04/11/201512:04:03Should You Buy Marijuana Stocks Right Now? A Legal Expert Weighs...
04/11/201510:26:51Rite Aid Investors Should Keep This Valuation-Related Fact In...
04/10/201515:30:05Annual Statement of Changes in Beneficial Ownership (5)
04/10/201515:04:19Amended Statement of Beneficial Ownership (3/a)
04/09/201511:39:48Rite-Aid: Playing With The House's Money
04/09/201510:39:09Today's Market: Google To Launch Subscription Service, Booze...
04/09/201510:19:31Rite Aid lower after larger rival reports earnings
04/08/201517:01:39MARKET SNAPSHOT: U.S. Stocks Finish Slightly Higher After Release...
04/08/201515:15:34MARKET SNAPSHOT: U.S. Stocks Choppy After Release Of Fed Minutes
04/08/201514:06:023 Promising Retail Stocks Trading Under $10
04/08/201512:53:07Rite Aid's (RAD) CEO John Standley on Q4 2015 Results - Earnings...
04/08/201512:18:38MARKET SNAPSHOT: U.S. Stocks Firm Up After Oil Jolt; Fed Minutes...
04/08/201511:25:09MARKET SNAPSHOT: U.S. Stocks Pare Gains As Oil Inventories Soar;...

Rite Aid and other New York Stock Exchange stock quotes are delayed by at least 20 minutes.
All other stock price data is delayed by at least 15 minutes unless otherwise stated.
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Contact Us | Copyright 1999-2007 ADVFN PLC. | Privacy Policy | Investment Warning | Data accreditations | Investor Relations

ADVFNADVFN ItalyADVFN GermanyADVFN FranceADVFN BrazilADVFN JapanADVFN UKADVFN US noad