Rite Aid Reports Same Store Sales Decline Of 0.1% In December, Up 1.7% Over 43-Week Period

Shares of Rite Aid Corporation RAD were trading lower by 0.26 percent on Thursday after the company announced its December sales metrics.

Rite Aid said that for the four-week period ending December 26, same-store sales decreased 0.1 percent over the prior-year period. The company added that front-end same-store sales rose 0.8 percent, while pharmacy same-store sales (including a negative impact from new generic introductions) fell 0.4 percent over the same period a year ago.

Total drugstore sales for the four-week period were flat compared to a year ago at $2.212 billion, while prescription sales accounted for 64.6 percent of total drugstore sales.

Rite Aid also disclosed that same-store sales for the 43-week period ending December 26 rose 1.7 percent over the same period a year ago. During this time, front-end same-store sales rose 0.4 percent, while pharmacy same-store sales rose 2.3 percent.

Total drugstore sales for the 43-week period rose 1.6 percent from a year ago to $22.1118 billion.