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Rite Aid Sales Increase

Rite Aid announced that for the four weeks ended March 26, 2005, same store sales rose 1.6 percent over the prior-year period.

Pharmacy same store sales decreased 0.8 percent, while front-end same store sales were up 6.3 percent. March same store sales were positively affected by a shift to a March Easter this year from an April Easter last year (March 27 this year as compared to April 11 last year).

Total drugstore sales for the four-week period rose 1.2 percent to $1.301 billion compared to $1.286 billion for the same period last year. Prescription revenue accounted for 64.2 percent of drugstore sales, and third party prescription revenue represented 93.8 percent of pharmacy sales.

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News Tags: sales
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