Rite Aid Reports Same Store Sales for January
January 28 2016 - 08:30AM
Business Wire
Rite Aid Corporation (NYSE: RAD) today announced sales results
of its retail pharmacy segment for January.
Monthly Sales
For the four weeks ended Jan. 23, 2016, same store sales
decreased 1.4 percent over the prior-year period. January front-end
same store sales decreased 1.9 percent. Pharmacy same store sales,
which included an approximate 242 basis points negative impact from
new generic introductions, decreased 1.2 percent. Prescription
count at comparable stores decreased 1.0 percent over the
prior-year period.
Total drugstore sales for the four-week period decreased 1.3
percent with sales of $2.000 billion compared to $2.026 billion for
the same period last year. Prescription sales accounted for 70.5
percent of drugstore sales, and third party prescription sales
represented 97.7 percent of pharmacy sales.
Year-to-Date
Same store sales for the 47-week period ended Jan. 23, 2016
increased 1.5 percent over the prior-year period. Front-end same
store sales increased 0.3 percent while pharmacy same store sales
increased 2.0 percent. Prescription count at comparable stores
increased 0.4 percent over the prior-year period.
Total drugstore sales for the 47 weeks ended Jan. 23, 2016
increased 1.4 percent with sales of $24.119 billion compared to
$23.791 billion for the same period last year. Prescription sales
represented 69.1 percent of total drugstore sales, and third party
prescription sales represented 97.8 percent of pharmacy sales.
Rite Aid is one of the nation’s largest drugstore chains. On
Jan. 23, 2016, the company operated 4,558 stores compared to 4,569
stores in the like period a year ago. Information about Rite Aid,
including corporate background and press releases, is available
through the company’s website at http://www.riteaid.com. Note that
all sales data in this release is preliminary, unaudited and
subject to revision.
Statements in this release that are not historical are
forward-looking statements made pursuant to the safe harbor
provisions of the Private Securities Litigation Reform Act of 1995.
These forward-looking statements are not guarantees of future
performance and involve risks, assumptions and uncertainties that
are described in Item 1A (Risk Factors) of our most recent Annual
Report on Form 10-K and in other documents that we file or furnish
with the Securities and Exchange Commission, which you are
encouraged to read. Should one or more of these risks or
uncertainties materialize, or should underlying assumptions prove
incorrect, actual results may vary materially from those indicated
or anticipated by such forward-looking statements. Accordingly, you
are cautioned not to place undue reliance on these forward-looking
statements, which speak only as of the date they are made. Rite Aid
expressly disclaims any current intention to update publicly any
forward-looking statement after the distribution of this release,
whether as a result of new information, future events, changes in
assumptions or otherwise.
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version on businesswire.com: http://www.businesswire.com/news/home/20160128005707/en/
Rite Aid CorporationINVESTORS:Matt Schroeder, 717-214-8867or
investor@riteaid.comorMEDIA:Susan Henderson, 717-730-7766
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