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Rite Aid Reports 0.3 Percent Same Store Sales Decrease for September
CAMP HILL, PA (October 1, 2009) - Rite Aid Corporation (NYSE: RAD) today announced sales results for September.
Monthly Sales
For the four weeks ended September 26, 2009, same store sales decreased 0.3 percent over the prior-year period. Front-end same store sales decreased 2.3 percent while pharmacy same store sales, which included an approximate 186 basis points negative impact from new generic introductions, increased 0.7 percent.
Total drugstore sales for the four-week period decreased 1.5 percent to $1.941 billion compared to $1.971 billion for the same period last year. Prescription revenue accounted for 68.5 percent of drugstore sales, and third party prescription revenue represented 96.1 percent of pharmacy sales.
Year-to-Date Sales
Same store sales for the 30-week period ended September 26, 2009 decreased 0.3 percent, consisting of a 3.1 percent front-end same store sales decrease and a 1.1 percent increase in pharmacy same store sales.
Total drugstore sales for the 30 weeks ended September 26, 2009 decreased 1.9 percent to $14.743 billion from $15.030 billion in last year's like period. Prescription revenue accounted for 68.2 percent of total drugstore sales, and third-party prescription revenue was 96.3 percent of pharmacy sales.
Rite Aid is one of the nation's largest drugstore chains. On September 26, 2009, the company operated 4,809 stores compared to 4,922 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.
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Contact:
Investors:717-975-3710, Chris Hall 717-214-8834 or investor@riteaid.com
Media:Karen Rugen 717-730-7766
