Rite Aid Reports 1.8 Percent Same Store Sales Increase for June

Rite Aid Corporation RAD today announced sales results for June. Monthly Sales For the four weeks ended June 25, 2011, same store sales increased 1.8 percent over the prior-year period. June front-end same store sales increased 1.5 percent while pharmacy same store sales, which included an approximate 163 basis points negative impact from new generic introductions, increased 1.9 percent. Prescription count at comparable stores increased 0.4 percent over the prior-year period. Total drugstore sales for the four-week period increased 1.0 percent to $1.928 billion compared to $1.908 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.