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

Rite Aid March Same-Store Sales Rose 3.6%

DOW JONES NEWSWIRES Rite Aid Corp.'s (RAD) same-store sales rose 3.6% in March, continuing a streak of monthly growth for the drugstore chain. The No. 3 U.S. drugstore chain behind Walgreen Co. (WAG) and CVS Caremark Corp. (CVS) reported same-store sales growth in all but one month during 2011; March 2011 had a 0.1% drop. Last month Rite Aid reported its fourth-quarter same-store sales rose 3%, its best showing in five years. Analysts have been expecting Rite Aid and CVS to gain market share as a result of Walgreen's exiting pharmacy benefits manager Express Scripts Holding Co.'s (ESRX) network late last year. The move was expected to result in some of Walgreen's customers going to competitors such as Rite Aid to fill prescriptions. During March, same-store sales were up 4.6% in the front of the store. Pharmacy same-store sales increased 3.2%, despite a negative impact of 2.4 percentage points from generic drug introductions. Same-store prescription counts grew 2.6%. Total March drugstore sales rose 3.1% to $1.99 billion. Prescription sales accounted for 69.2% of drugstore sales. Rite-Aid, which has about 4,659 stores, has posted losses since its 2007 acquisition of the Brooks and Eckerd chain stores that saddled it with debt just before consumers slashed spending. The company in December reported that its fiscal third-quarter loss narrowed on higher same-store sales as the drugstore chain's wellness and loyalty and flu-immunization programs lifted pharmacy-department sales. Shares were up 2.3% at $1.75 in recent premarket trading. -By Tess Stynes, Dow Jones Newswires; 212-416-2481; Tess.Stynes@dowjones.com

Stock News for Rite Aid (RAD)
DateTimeHeadline
04/10/201417:17:04MARKET SNAPSHOT: U.S. Stock Market Hit By Nasdaq, Biotech Rout
04/10/201415:15:46MARKET SNAPSHOT: U.S. Stock Market Selloff Led By Nasdaq
04/10/201412:40:37MARKET SNAPSHOT: U.S. Stocks Fall On Tech Selloff
04/10/201410:46:51MARKET SNAPSHOT: U.S. Stocks Edge Lower Amid China Data, Earnings
04/10/201409:44:17U.S. Hot Stocks: Hot Stocks to Watch
04/10/201408:06:40Rite Aid Profit Falls 55% Despite Continued Sales Growth
03/17/201417:37:48Attorneys General Urge Major Retailers to Stop Selling Tobacco...
03/17/201416:00:51Major Retailers Urged to Stop Selling Tobacco Products
03/17/201415:31:14Attorneys General Urge Major Retailers to Stop Selling Tobacco...
03/17/201413:17:32Correction to Tobacco Products Story
03/17/201410:43:20Attorneys General Urge Major Retailers to Stop Selling Tobacco...
03/06/201409:28:09Rite Aid Same-Store Sales Rise in February, 4th Quarter
02/18/201409:45:12McKesson, Rite Aid Expand Distribution Pact
02/03/201416:39:52Walgreen Sues Rite Aid, CVS Caremark and Shopko Over Patent Related...
01/03/201416:53:22MARKET SNAPSHOT: U.S. Stocks End Mostly Lower After Bernanke...
01/03/201413:46:46MARKET SNAPSHOT: U.S. Stocks Volatile As Fed Officials Speak
01/03/201411:18:11MARKET SNAPSHOT: U.S Stocks Edge Higher As Fed Officials Speak
01/03/201411:07:17MARKET SNAPSHOT: U.S Stocks Rise Ahead Of Fed Speakers
12/19/201316:55:16MARKET SNAPSHOT: Dow Hits High; Stocks Shrug Off Disappointing...
12/19/201313:12:13MARKET SNAPSHOT: U.S. Stocks Trim Losses; Shrug Off Disappointing...

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