Rite Aid Same Store Sales Increase For Second Consecutive Month
Rite Aid’s same store sales rose for a second consecutive month as the company posted a 1.1 percent increase for the 4-week period ending Jan. 22.
During the period, same store sales grew 2.2 percent in the front end and 0.6 percent in the pharmacy. Prescription count at comparable stores was flat compared to the prior-year period.
These results followed December’s 0.6 percent same store sales increase, which included a 0.1 percent rise in the front end and 1.0 percent lift in the pharmacy. Prescription count at comparable stores increased 0.9 percent compared to the prior-year period.
“In both December and January, an increase in cough, cold and flu activity had a positive impact on our pharmacy sales as well as our OTC categories,” said President and CEO John Standley. “At the same time, our customer loyalty program wellness+, the +UP Rewards program and effective promotions helped us drive front-end sales.”
“These positive numbers are good news for Rite Aid,” Standley continued. “I’d like to thank our supplier partners for working with us to help drive these results. We’ll continue to collaborate with our supplier teams on value promotions and new product launches that attract new and existing customers as we continue to focus on driving profitable sales and growing prescription count.”