Rite Aid Reports Same Store Sales for June
03 July 2014 - 10:30PM
Business Wire
Rite Aid Corporation (NYSE: RAD) today announced sales results
for June.
Monthly SalesFor the four weeks
ended June 28, 2014, same store sales increased 3.9 percent over
the prior-year period. June front-end same store sales increased
0.9 percent. Pharmacy same store sales, which included an
approximate 169 basis points negative impact from new generic
introductions, increased 5.4 percent. Prescription count at
comparable stores increased 3.5 percent over the prior-year
period.
Total drugstore sales for the four-week period increased 3.5
percent to $1.995 billion compared to $1.927 billion for the same
period last year. Prescription sales accounted for 68.4 percent of
drugstore sales, and third party prescription sales represented
97.5 percent of pharmacy sales.
Year-to-DateSame store sales for
the 17-week period ended June 28, 2014 increased 3.3 percent over
the prior-year period. Front-end same store sales increased 0.2
percent while pharmacy same store sales increased 4.8 percent.
Prescription count at comparable stores increased 2.6 percent over
the prior-year period.
Total drugstore sales for the 17 weeks ended June 28, 2014
increased 2.8 percent with sales of $8.420 billion compared to
$8.191 billion for the same period last year. Prescription sales
represented 68.4 percent of total 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
June 28, 2014, the company operated 4,574 stores compared to 4,612
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.
Rite Aid CorporationINVESTORS:Matt Schroeder, 717-214-8867or
investor@riteaid.comorMEDIA:Susan Henderson, 717-730-7766
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