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;

Stock News for Rite Aid (RAD)
11/25/201516:02:58Additional Proxy Soliciting Materials (definitive) (defa14a)
11/25/201506:03:13Securities Registration: Business Combination (s-4)
11/24/201506:02:17Proxy Statement - Merger or Acquistion (preliminary) (prem14a)
11/23/201509:24:00Rite Aid Offers Customers Plenti of Reasons to Shop This Black...
11/13/201517:26:33Additional Proxy Soliciting Materials (definitive) (defa14a)
11/12/201510:00:00Rite Aid First U.S. Drugstore Chain to Offer Harmonyx Genetic...
11/11/201509:34:02Walgreens Boots Alliance Inc. Awaits FTC Decision
11/10/201509:39:02Walgreens Boots Alliance's Buyout of Rite Aid Could Really Shake...
11/09/201509:37:02Living With Leverage in Walgreens Boots Alliance's Acquisition...
11/08/201509:41:02How Walgreens Boots Alliance, Inc. Hopes to Avoid Store Cannibalization
11/07/201510:41:03Does Rite Aid's PBM Business Matter to Walgreens Boots Alliance...
11/03/201517:17:47Additional Proxy Soliciting Materials (definitive) (defa14a)
11/02/201515:20:025 Major Acquisitions in October
11/01/201508:30:02The Walgreens-Rite Aid Merger Won't Be Easy to Pull Off
10/31/201514:32:26Merger Arbitrage Is RAD!
10/31/201510:21:02CVS Health Corporation Reports Q3 Growth but Disappointing Outlook
10/30/201517:17:00RITE AID SHAREHOLDER NOTICE: Faruqi & Faruqi, LLP Announces the...
10/30/201508:16:03Walgreens Shows its Hand, Scoops Up Rite Aid
10/29/201517:16:31Additional Proxy Soliciting Materials (definitive) (defa14a)
10/29/201508:30:00Rite Aid Reports Same Store Sales for October

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