Rite Aid Corporation (NYSE: RAD) today announced sales results for May.
For the five weeks ended June 2, 2012, same store sales increased 1.1
percent over the prior-year period. May front-end same store sales
increased 1.3 percent. Pharmacy same store sales, which included an
approximate 406 basis points negative impact from new generic
introductions increased 1.0 percent. Prescription count at comparable
stores increased 2.6 percent over the prior-year period.
Total drugstore sales for the five-week period increased 0.3 percent to
$2.454 billion compared to $2.446 billion for the same period last year.
Prescription sales accounted for 68.2 percent of drugstore sales, and
third party prescription sales represented 96.6 percent of pharmacy
Same store sales for the 13-week period ended June 2, 2012 increased 2.5
percent over the prior-year period. Front-end same store sales increased
2.7 percent while pharmacy same store sales increased 2.4 percent.
Prescription count at comparable stores increased 3.0 percent over the
Total drugstore sales for the 13-week period increased 1.8 percent with
sales of $6.441 billion compared to $6.329 billion for the same period
last year. Prescription sales represented 68.4 percent of total
drugstore sales, and third party prescription sales represented 96.6
percent of pharmacy sales.
Rite Aid is one of the nation’s largest drugstore chains. On June 2,
2012, the company operated 4,652 stores compared to 4,704 stores in the
like period a year ago. Information about Rite Aid, including corporate
background and press releases, is available through the company’s
website at http://www.riteaid.com.
Note that all sales data in this release is preliminary, unaudited and
subject to revision.
Statements in this release that are not historical are
forward-looking statements made pursuant to the safe harbor provisions
of the Private Securities Litigation Reform Act of 1995. These
forward-looking statements are not guarantees of future performance and
involve risks, assumptions and uncertainties that are described in Item
1A (Risk Factors) of our most recent Annual Report on Form 10-K and in
other documents that we file or furnish with the Securities and Exchange
Commission, which you are encouraged to read. Should one or more of
these risks or uncertainties materialize, or should underlying
assumptions prove incorrect, actual results may vary materially from
those indicated or anticipated by such forward-looking statements.
Accordingly, you are cautioned not to place undue reliance on these
forward-looking statements, which speak only as of the date they are
made. Rite Aid expressly disclaims any current intention to update
publicly any forward-looking statement after the distribution of this
release, whether as a result of new information, future events, changes
in assumptions or otherwise.