Rite Aid April Comps Slide, Easter Blamed

For the four weeks ended April 27, Rite Aid Corp. comparable store sales decreased 4% from the prior-year period. April front-end comps slipped 3.5%, hit by an earlier Easter this year compared to last, the company stated.

Pharmacy comps including an approximate 454 basis points negative impact from new generic introductions, slid 4.2%, Rite Aid noted. Prescription count at comparable stores decreased 0.2% over the prior-year period.

Total drugstore sales for the four-week period decreased 4.6% to $1.9 billion, Rite Aid related. Prescription sales accounted for 67.9% of drugstore sales, and third-party prescription sales represented 96.9% of pharmacy sales.

As of April 27, Rite Aid maintained that it operated 4,619 stores compared to 4,658 stores at the same time a year ago.


Share.

Comments are closed.