Retail drugstore chain operator Rite Aid Corp. (RAD) said its April same-store sales decreased 4.0 percent year-over-year. April front-end same store sales were down 3.5 percent, hurt by an earlier Easter this year compared with last year; and Pharmacy same-store sales, including an approximate 454 basis points negative impact from new generic introductions, slid 4.2 percent. Prescription count at comparable stores slipped 0.2 percent over the previous year.
For the four-week period, total drugstore sales slid 4.6 percent to $1.9 billion, from last year's $1.99 billion. Prescription sales accounted for 67.9 percent of drugstore sales, while third party prescription sales represented 96.9 percent of pharmacy sales.
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