Rite Aid Comps Slip In May, Quarter

For the 13-week period ended June 1, Rite Aid Corp. today announced that comparable store sales decreased 2.5% versus the prior-year period. Front-end comps, including those for general merchandise, increased 0.4% while pharmacy comps decreased 3.8%, the company reported.

Total drug store sales for the 13 weeks ended June 1 decreased 2.8% to $6.26 billion from the same period last year.

In the five weeks ended June 1, comps decreased 1.5% from May 2012 with front-end comps up 0.8%, according to Rite Aid. Pharmacy comps, which the company noted included an approximately 373 basis points negative impact from new generic introductions, decreased 2.7%.

Total drug store sales for the five-week period slipped 1.5% to $2.42 billion versus last year’s month.

As of June 1, Rite Aid operated 4,615 stores compared to 4,652 stores a year earlier, the company stated.


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