Rite Aid Corporation (NYSE:RAD) today announced sales results for March.
Monthly Sales
For the four weeks ended March 29, 2014, same store sales increased 0.7
percent over the prior-year period. March front-end same store sales
decreased 5.0 percent, with 4.1 percent of the decrease attributable to
a shift in the timing of Easter, which falls on April 20 this year
compared to March 31 last year. Pharmacy same store sales, which
included an approximate 133 basis points negative impact from new
generic introductions, increased 3.5 percent. Prescription count at
comparable stores increased 1.1 percent over the prior-year period.
Total drugstore sales for the four-week period increased 0.4 percent to
$1.947 billion compared to $1.939 billion for the same period last year.
Prescription sales accounted for 69.4 percent of drugstore sales, and
third party prescription sales represented 97.4 percent of pharmacy
sales.
Rite Aid is one of the nation’s largest drugstore chains. On March 29,
2014, the company operated 4,584 stores compared to 4,621 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.
Copyright Business Wire 2014