Rite Aid Jan. sales up 51.8%
CAMP HILL, Pa. Rite Aid today reported that total drug store sales for the four weeks ended Jan. 26 increased 51.8% to $2 billion from $1.3 billion last year. According to the company, prescription revenue accounted for 68.9% of drug store sales, and third party prescription revenue represented approximately 95.9% of pharmacy sales.
Same-store sales were up 2% for the January period, Rite Aid reported. Pharmacy same-store sales increased 2%, which included an approximate 428 basis points negative impact from new generic introductions. Front-end same-store sales increased 2%.
For the year to date, Rite Aid reported a total drug store sales increase of 38.3% to $21.7 billion from $15.7 billion last year. Same-store sales for the period increased 1.2%.
Same store sales for the 47-week period ended January 26, 2008, increased 1.2 percent, consisting of a 1.7 percent pharmacy same store sales increase and a 0.5 percent increase in front-end same store sales.