Walgreens and Rite Aid report April results
New York -- Walgreen Co. said Thursday that same-store sales slipped a worse-than-expected 6.4% in April, largely due to its split with pharmacy benefits manager Express Scripts Inc.
For April, Walgreens’ same-store pharmacy sales were down 8.9%. Front-end sales fell 2.2%
At April 30, Walgreens operated 8,307 locations in all 50 states, the District of Columbia, Puerto Rico and Guam
Rite Aid Corp. said that its same-store sales increased 2.9% in April. Pharmacy same-store sales were up 3%, while front-end same-store revenue rose 2.7%.
Rite Aid operated 4,658 stores as of April 28, down from 4,705 in the same period last year.