Rite Aid realizes 0.4% March gain with sales of $1.9 billion

CAMP HILL, Pa. — Rite Aid on Thursday posted $1.9 billion in sales for the four weeks ended March 29, up 0.4%. 

Same-store sales increased 0.7% over the prior-year period. March front-end same store sales decreased 5%, with 4.1% of the decrease attributable to a shift in the timing of Easter, which falls on April 20 this year compared to March 31 last year.  

Pharmacy same-store sales, which included an approximate 133 basis points negative impact from new generic introductions, increased 3.5%. Prescription count at comparable stores increased 1.1% over the prior-year period.  

Prescription sales accounted for 69.4% of drug store sales, and third party prescription sales represented 97.4% of pharmacy sales.

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