Rite Aid comps increase 2.5% in August

Total drug store sales increase to $2.4 billion, from $2.3 billion last year

CAMP HILL, Pa. — Same-store sales at Rite Aid increased by 2.5% for the month of August compared with August 2010, the retail pharmacy chain said Thursday.

This included a 2.9% increase in front-end same-store sales — including 1.5% coming from sales related to Hurricane Irene — and a 2.3% increase in pharmacy same-store sales, offset by 132 basis points, due to new generic introductions.

Total drug store sales for the five-week period increased 2.5% to $2.4 billion, compared with $2.3 billion during the same period last year. Prescription revenue accounted for 68.2% of drug store sales, and third-party prescription revenue represented 96.4% of pharmacy sales.

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