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Rite Aid December Same-Store Sales Dip

1/3/2008

Camp Hill, Pa. Rite Aid Corp. said Thursday its same-store sales fell 0.5% during December, due largely to a drop in front-end sales.

The company said its pharmacy same-store sales were flat, but front-end same-store sales fell 1.2%.

Rite Aid said total sales for the four-week period ended Dec. 29 rose 48% to $2.20 billion, compared to $1.49 billion in the same period last year.

The increase in total sales mainly came from stores that have been acquired since last year, including the Brooks/Eckerd stores it bought in June. Those stores were excluded from the same-store sales figures.

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