Rite Aid January Same Store Sales Down 1.4% - Quick Facts

(RTTNews) - Rite Aid Corp. (RAD) reported that its same store sales for the four weeks ended January 23, 2016 decreased 1.4 percent over the prior-year period. January front-end same store sales decreased 1.9 percent. Pharmacy same store sales, which included an approximate 242 basis points negative impact from new generic introductions, decreased 1.2 percent. Prescription count at comparable stores decreased 1.0 percent over the prior-year period.

Total drugstore sales for the four-week period decreased 1.3 percent with sales of $2.000 billion compared to $2.026 billion for the same period last year.

Prescription sales accounted for 70.5 percent of drugstore sales, and third party prescription sales represented 97.7 percent of pharmacy sales.