Rite Aid records higher March same-store sales, shares +2.6%

|About: Rite Aid Corporation (RAD)|By:, SA News Editor

Rite Aid (RAD +2.6%) joins Walgreen (WAG +0.8%) in reporting higher same-store sales for March; RAD says same-store sales climbed 0.7% and pharmacy comps rose 3.5% helped by a 1.1% increase in prescriptions, but front-end sales slipped 5% due in part to a late Easter.

Alan Stacy's calculation shows total drugstore sales for the month, which rose 0.4% to $1.95B, would have increased by 1.7% if Easter had fallen in March.

Earlier: Walgreen comp sales up 3.5%.