Rite Aid same-store sales drop

CAMP HILL, Pa. Same store sales for Rite Aid decreased by 0.9%, the company announced Thursday.

Rite Aid said that February sales were negatively impacted by a weak cough, cold and flu season, Valentine’s Day falling on a Saturday versus a Thursday last year, and as a slowing economy.

Total drug store sales for the five-week period decreased 2.4% to $2.55 billion compared with $2.61 billion for the same period last year. Prescription revenue accounted for 67.9% of drug store sales, and third-party prescription revenue represented 96.5% of pharmacy sales.

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