Duane Reade Same-Store Sales Up in 1Q
New York City pharmacy resale activity, increased 3.7% to $414.9 million from $400 million.
Total same-store sales increased by 4.5% during the first quarter of 2008, with a front-end same-store sales increase of 7% and a pharmacy same-store sales increase of 1.5%.
"We are pleased with our strong start to the year, which highlights the ongoing momentum from our operating initiatives, said chairman and CEO John Lederer. “We are gratified that our improved merchandising and customer-service programs are resonating with our customers, enabling us to continue to grow sales and margins and drive the business forward."
According to the company, front-end sales growth was driven by continued strong performance in the food and beverage categories, over-the-counter products, and health and beauty care items.