Rite Aid Reports Flat December Sales

Rite Aid Corporation has reported flat sales results for its retail pharmacy segment for December.

For the four weeks ended December 26, 2015, same store sales decreased 0.1% over the prior-year period. December front-end same store sales increased 0.8%. Pharmacy same store sales, which included an approximate 207 basis points negative impact from new generic introductions, decreased 0.6%. Prescription count at comparable stores decreased 0.4% over the prior-year period.

Overall, the company reported that total drug store sales for the four-week period were flat with sales of $2.212 billion compared to $2.212 billion for the same period last year. Prescription sales accounted for 64.6% of drug store sales, and third party prescription sales represented 98% of pharmacy sales.

Rite Aid currently operates 4,558 stores.