Rite Aid Reports 8.3 Percent SSS Increase for Jan
Tuesday February 5, 8:32 am Eastern Time
Press Release
SOURCE: Rite Aid Corporation
Rite Aid Reports 8.3 Percent Same Store Sales Increase for January
CAMP HILL, Pa.--(BUSINESS WIRE)--Feb. 5, 2002--Rite Aid Corporation (NYSE, PSE:RAD) today announced sales results for January.
Monthly Sales
For the four weeks ended January 26, 2002, same store sales rose 8.3 percent over the prior-year period. Pharmacy same store sales were up 11.3 percent, while front-end same store sales were up 3.3 percent.
Total drugstore sales for the four-week period rose 6.8 percent to $1.155 billion compared to $1.082 billion for the same period last year. Prescription revenue accounted for 64.2 percent of drugstore sales, and third party prescription revenue represented 91.6 percent of pharmacy sales.
Year-to-Date Sales
Same store sales for the 47-week period ended January 26, 2002 increased 8.2 percent, consisting of an 11.3 percent pharmacy same store sales increase and a 3.5 percent increase in front-end same store sales.
Total drugstore sales for the 47 weeks ended January 26, 2002 gained 6.4 percent to $13.596 billion from $12.778 billion in last year's like period. Prescription revenue accounted for 61.3 percent of total drugstore sales, and third party prescription revenue was 92.0 percent of pharmacy sales.
Rite Aid Corporation is one of the nation's leading drugstore chains with annual revenues of more than $14 billion. On January 26, 2002 Rite Aid operated 3,520 stores compared to 3,720 stores in the like period a year ago.
--------------------------------------------------------------------------------
Contact:
Rite Aid Corporation |
