Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

4-Traders Homepage  >  Equities  >  Nyse  >  Rite Aid Corporation    RAD

SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector newsTweets

Rite Aid March Same-Store Sales Rose 3.6%

share with twitter share with LinkedIn share with facebook
share via e-mail
0
04/05/2012 | 03:02pm CET

Rite Aid Corp.'s (>> Rite Aid Corporation) same-store sales rose 3.6% in March, continuing a streak of monthly growth for the drugstore chain.

The No. 3 U.S. drugstore chain behind Walgreen Co. (WAG) and CVS Caremark Corp. (>> CVS Caremark Corporation) reported same-store sales growth in all but one month during 2011; March 2011 had a 0.1% drop. Last month Rite Aid reported its fourth-quarter same-store sales rose 3%, its best showing in five years.

Analysts have been expecting Rite Aid and CVS to gain market share as a result of Walgreen's exiting pharmacy benefits manager Express Scripts Holding Co.'s (ESRX) network late last year. The move was expected to result in some of Walgreen's customers going to competitors such as Rite Aid to fill prescriptions.

During March, same-store sales were up 4.6% in the front of the store.

Pharmacy same-store sales increased 3.2%, despite a negative impact of 2.4 percentage points from generic drug introductions. Same-store prescription counts grew 2.6%.

Total March drugstore sales rose 3.1% to $1.99 billion. Prescription sales accounted for 69.2% of drugstore sales.

Rite-Aid, which has about 4,659 stores, has posted losses since its 2007 acquisition of the Brooks and Eckerd chain stores that saddled it with debt just before consumers slashed spending.

The company in December reported that its fiscal third-quarter loss narrowed on higher same-store sales as the drugstore chain's wellness and loyalty and flu-immunization programs lifted pharmacy-department sales.

Shares were up 2.3% at $1.75 in recent premarket trading.

-By Tess Stynes, Dow Jones Newswires; 212-416-2481; [email protected]

Stocks mentioned in the article : Rite Aid Corporation, CVS Caremark Corporation
share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on RITE AID CORPORATION
11/17 RITE AID CORP : Change in Directors or Principal Officers, Financial Statements ..
11/17 RITE AID : Announces Senior Management Changes in Category Management
11/15 RITE AID : Overnight Work Continues At Mono Way And Greenley Intersection
11/15 RITE AID : Woman demands prescription drugs from Rite Aid in Easton, police say
11/14 RITE AID : Rob Mullins Named Senior Vice President of Store Operations, Western ..
11/14 RITE AID : Foundation Unveils KIDCHAMP Program
11/14 RITE AID : Foundation Unveils KIDCHAMPSM Program
11/09 RITE AID : Primary care practice to open in Strawberry Square later this month
11/07 RITE AID CORPORATION (NYSE : RAD) Files An 8-K Departure of Directors or Certain..
11/06 RITE AID CORP : Change in Directors or Principal Officers (form 8-K)
More news
News from SeekingAlpha
11/18 RGA Q3 2017 Letter - Amazon's Share Of E-Commerce = PayPal's Opportunity
11/16 Tracking David Einhorn's Portfolio - Q3 2017 Update
11/15 RITE AID : Prefer The Bonds Over The Stock
11/13 Walgreens Boots Alliance - Fairly Valued Dividend Aristocrat
11/09 Don't Be Surprised To See Rite Aid Take Flight
Financials ($)
Sales 2018 29 486 M
EBIT 2018 177 M
Net income 2018 66,0 M
Debt 2018 3 934 M
Yield 2018 -
P/E ratio 2018 24,46
P/E ratio 2019 37,41
EV / Sales 2018 0,19x
EV / Sales 2019 0,19x
Capitalization 1 692 M
Chart RITE AID CORPORATION
Duration : Period :
Rite Aid Corporation Technical Analysis Chart | RAD | US7677541044 | 4-Traders
Technical analysis trends RITE AID CORPORATION
Short TermMid-TermLong Term
TrendsBearishBearishBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 7
Average target price 2,18 $
Spread / Average Target 37%
EPS Revisions
Managers
NameTitle
John T. Standley Chairman & Chief Executive Officer
Kermit R. Crawford President & Chief Operating Officer
Bryan B. Everett Chief Operating Officer-Rite Aid Stores
Darren W. Karst Chief Financial & Administrative Officer, SEVP
Steve Rempel Chief Information Officer & Senior Vice President
Sector and Competitors
1st jan.Capitalization (M$)
RITE AID CORPORATION-80.70%1 692
RAIA DROGASIL SA31.26%8 570
PALTAC CORP66.43%2 608
AIN HOLDINGS INC-7.75%2 257
SOGO MEDICAL CO LTD36.44%802
PETMED EXPRESS INC67.62%797