Rite Aid July Same Store Sales +1.9%

Rite Aid Corporation RAD today announced sales results for July. For the four weeks ended July 23, 2011, same store sales increased 1.9 percent over the prior-year period. July front-end same store sales increased 3.1 percent while pharmacy same store sales, which included an approximate 151 basis points negative impact from new generic introductions, increased 1.4 percent. Prescription count at comparable stores decreased 0.4 percent over the prior-year period. Total drugstore sales for the four-week period increased 1.6 percent to $1.916 billion compared to $1.886 billion for the same period last year. Prescription revenue accounted for 67.6 percent of drugstore sales, and third party prescription revenue represented 96.5 percent of pharmacy sales.