Rite Aid Reports 0.1 Percent Same Store Sales Decrease for March

Rite Aid Corporation RAD today announced sales results for March. Monthly Sales For the four weeks ended March 26, 2011, same store sales decreased 0.1 percent over the prior-year period. Front end same stores sales decreased 1.8 percent, negatively impacted by a later Easter this year compared to last year (April 24, 2011 versus April 4, 2010). Pharmacy same store sales, which included an approximate 176 basis points negative impact from new generic introductions, increased 0.8 percent. Prescriptions count at comparable stores increased 0.6 percent over the prior-year period.