Rite Aid April Same Store Sales Increase by 2.9%

Rite Aid Corporation

today announced sales results for April. For the four weeks ended April 28, 2012, same store sales increased 2.9 percent over the prior-year period. April front-end same store sales increased 2.7 percent. Pharmacy same store sales, which included an approximate 311 basis points negative impact from new generic introductions increased 3.0 percent. Prescription count at comparable stores increased 3.8 percent over the prior-year period. Total drugstore sales for the four-week period increased 2.5 percent to $1.993 billion compared to $1.945 billion for the same period last year. Prescription sales accounted for 67.9 percent of drugstore sales, and third party prescription sales represented 96.6 percent of pharmacy sales. Same store sales for the eight-week period ended April 28, 2012 increased 3.3 percent, consisting of a 3.6 percent front-end same store sales increase and a 3.1 percent increase in pharmacy same store sales. Prescriptions filled at comparable stores increased 3.2 percent over the prior-year period. Total drugstore sales for the eight weeks ended April 28, 2012 increased 2.8 percent to $3.982 billion from $3.875 billion in last year's like period. Prescription sales accounted for 68.5 percent of total drugstore sales, and third party prescription sales represented 96.7 percent of pharmacy sales.