Rite Aid posts slight increase in May same-store sales

CAMP HILL, Pa. Rite Aid reported that for the five weeks ended May 30, same-store sales increased 0.6% over the prior year period. May front-end same-store sales decreased 1.5% while pharmacy same-store sales, which included an approximate 511 basis points negative impact from new generic introductions, increased 1.6%.

Total drug store sales for the five-week period decreased 1.3% to $2.507 billion compared to $2.539 billion for the same period last year. Prescription revenue accounted for 67.7% of drug store sales, and third party prescription revenue represented 96.2% of pharmacy sales.

Same-store sales for the 13-week quarter ended May 30 increased 0.6% over the prior-year period. Front-end same-store sales were down 1.6%. Pharmacy same-store sales increased 1.6%.

Total drug store sales for this 13-week first quarter decreased 1.2% to $6.506 billion compared to $6.586 billion in last year’s like period. Prescription revenue represented 68.2% of total drug store sales, and third party prescription revenue was 96.3%of pharmacy sales.