Rite Aid Reports Decrease in Same Store Sales for August

Rite Aid Corporation RAD today announced sales results for August. For the five weeks ended August 28, 2010, same store sales decreased 1.0 percent over the prior-year period. August front-end same store sales decreased 0.9 percent while pharmacy same store sales, which included an approximate 225 basis points negative impact from new generic introductions, declined 1.0 percent. Prescriptions filled at comparable stores decreased 1.2 percent over the prior-year period. drugstore sales for the five-week period decreased 2.2 percent to $2.343 billion compared to $2.395 billion for the same period last year. Prescription revenue accounted for 68.5 percent of drugstore sales, and third party prescription revenue represented 96.2 percent of pharmacy sales.