News

Rite Aid pharmacy sales grew in February

Written by The Associated Press | Mar 7, 2014 7:36 AM
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(New York) -- Drugstore operator Rite Aid says its sales improved in February as pharmacy sales grew.

The Cumberland County-based company says its total sales rose 2.4 percent to $2.52 billion over the five weeks that ended March 1st. A key measurement, sales at stores open at least a year, grew 1.5 percent.

Sales at stores open at least a year is considered an important measurement of retailer performance because it excludes results from stores that opened or closed within the last year.

At stores open for at least one year, Rite Aid says pharmacy revenue increased 3.1 percent. Sales of ``front end'' non-pharmacy items declined 1.8 percent because of reduced sales of over-the-counter flu products.

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