Rite Aid Corp. (NYSE: RAD) is keeping its investors up to date with its most recent monthly sales report. The company reported its sales results for the month of December, as well as its year-to-date results.
For the four weeks ended on December 26, 2015, same-store sales decreased 0.1% over the same period from the previous year. December front-end same-store sales increased 0.8%. Pharmacy same-store sales, which included an approximate 207 basis points negative impact from new generic introductions, decreased 0.6%. Prescription count at comparable stores decreased 0.4% over the prior-year period.
In terms of the total drugstore sales, the company posted sales of $2.212 billion, compared to $2.212 billion for the same four-week period last year. Prescription sales accounted for 64.6% of drugstore sales, and third-party prescription sales represented 98.0% of pharmacy sales.
Looking at the 43-week period ended on December 26, 2015, same-store sales increased 1.7% over the prior-year period. Front-end same-store sales increased 0.4%, while pharmacy same-store sales increased 2.3%. Prescription count at comparable stores increased 0.5% over the prior-year period.
[ims_survey]
Total drugstore sales for the 43-week period, increased 1.6%, with sales of $22.118 billion, compared to $21.765 billion for the same period last year. Prescription sales represented 69.0% of total drugstore sales, and third-party prescription sales represented 97.8% of pharmacy sales.
The company operated 4,558 stores, compared to 4,570 stores in the same period from last year.
As 2015 is coming to a close, Rite Aid has outperformed the market, with the stock up 4.3% year to date.
Shares of Rite Aid were trading at $7.83 Thursday morning, with a consensus analyst price target of $9.05 and a 52-week trading range of $5.88 to $9.47.
Essential Tips for Investing: Sponsored
A financial advisor can help you understand the advantages and disadvantages of investment properties. Finding a qualified financial advisor doesn’t have to be hard. SmartAsset’s free tool matches you with up to three financial advisors who serve your area, and you can interview your advisor matches at no cost to decide which one is right for you. If you’re ready to find an advisor who can help you achieve your financial goals, get started now.
Investing in real estate can diversify your portfolio. But expanding your horizons may add additional costs. If you’re an investor looking to minimize expenses, consider checking out online brokerages. They often offer low investment fees, helping you maximize your profit.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Editors' Picks
