Member access

4-Traders Homepage  >  Shares  >  Nyse  >  Rite Aid Corporation    RAD   US7677541044

SummaryQuotesChart AnalysisNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 

Rite Aid February Same-Store Sales Rose 3.1%; Up 3% In 4Q

03/08/2012 | 09:07am US/Eastern

Rite Aid Corp.'s (>> Rite Aid Corporation) same-store sales rose 3.1% in February, marking the 11th straight month of growth for the drug store chain.

The No. 3 U.S. drug store chain behind Walgreen Co. (>> Walgreen Company) and CVS Caremark Corp. (>> CVS Caremark Corporation) reported same-store sales growth in all but one month last year -- March had a 0.1% drop -- with a boost from the rollout of a loyalty program and store renovations that expanded clinical pharmacy services and health and wellness products choices.

During February, same-store sales were up 1.9% in the front of the store. Pharmacy same-store sales increased 3.7%, despite a negative impact of 2.42 percentage points from generic drug introductions. Same-store prescription counts were up 2.2%.

For the fiscal fourth quarter ended March 3, same-store sales improved 3%, including growth of 1.6% in the front of the store and 3.8% in the pharmacy section.

Total February drug store sales rose 2.3% to $2.55 billion. Prescription sales accounted for 68.3% of drugstore sales.

For the quarter, total drug store sales rose 2.5% to $7.12 billion.

Rite-Aid, which has about 4,667 stores, has posted losses since its 2007 acquisition of the Brooks Eckerd Pharmacy chain stores that saddled it with debt just before consumers slashed spending.

The company in December reported that its fiscal third-quarter loss narrowed as same-store sales grew for a fourth consecutive quarter and interest expense and lease termination and write-down charges declined.

Shares were up 1.2% at $1.71 in recent premarket trading. Through Wednesday's close, the stock is up by slightly more than a third this year.

   -By Tess Stynes, Dow Jones Newswires; 212-416-2481; 

Recommend :
React to this article
4h ago RITE AID : Fitch Upgrades Rite Aid's IDR to 'B'; Outlook Stable
5h ago RITE AID : Acquires RediClinic
6d ago RITE AID : Acquires RediClinic, One of the Nation's Leading Operators of Retail ..
6d ago RITE AID : Reports Net Income and Record Adjusted EBITDA for Fourth Quarter and ..
7d ago RITE AID : and Children's Miracle Network Hospitals Celebrate 20 Years of Miracl..
04/15 RITE AID : Sticking to the basics was right for Rite Aid
04/14 RITE AID : Purchases RediClinic
04/13 RITE AID : Fitch Upgrades Five Classes of JPMCC 2004-C1
04/11 RITE AID : Acquisitions, Recognitions, New Stores, and Positive Sales Results - ..
04/11 RITE AID : Reports Net Income and Record Adjusted EBITDA for Fourth Quarter and ..
Duration : Period :
Rite Aid Corporation Technical Analysis Chart | RAD | US7677541044 | 4-Traders
Income Statement Evolution
Rite Aid Corporation : Income Statement Evolution
More Financials
Dynamic quotes