Rite Aid Reports 0.6 Percent Same Store Sales Increase for December

Rite Aid Corporation RAD today announced sales results for December. Monthly Sales For the four weeks ended December 25, 2010, same store sales increased 0.6 percent over the prior-year period. Front-end same store sales increased 0.1 percent while pharmacy same store sales, which included an approximate 201 basis points negative impact from new generic introductions, increased 1.0 percent. Prescriptions filled at comparable stores increased 0.9 percent over the prior-year period. Total drugstore sales for the four-week period decreased 0.5 percent to $2.081 billion compared to $2.091 billion for the same period last year. Prescription revenue accounted for 63.0 percent of drugstore sales, and third party prescription revenue represented 96.3 percent of pharmacy sales.