Rite Aid same-store sales climb
Camp Hill, Pa. – Rite Aid reported a same-store sales increase of 2.1% for October 2013 as compared to the same month in the prior year. Front-end same-store sales actually decreased 0.6%, but gains of 3.4% in pharmacy same-store sales and a 1.1% jump in prescription count drove the total growth.
The company estimates that the cycling of the impact of pre-storm sales on prior year’s results had a negative impact of 1.4% on front-end same store sales results and 0.3% on comparable store prescription count growth, as prior year results benefited from an increase in sales in the days immediately preceding Superstorm Sandy. Rite Aid anticipates that the cycling of the impact of Superstorm Sandy will have a positive impact on November’s sales results.