Jan 22, 2014 10:46 AM EST
Rite Aid Corporation reported its fiscal third quarter results which ended Nov. 30, 2013. The company reported revenues of $6.4 billion. For the five weeks ended Nov. 30, 2013, same store sales increased 2.8 percent over the prior-year period. Front-end same store sales increased 0.4 percent. Pharmacy same store sales, which included an approximate 81 basis points negative impact from new generic introductions, increased 3.9 percent.
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Prescription count at comparable stores increased 0.1 percent over the prior-year period. "Our solid third quarter results were driven by the continued success of our key wellness initiatives, specifically the strong start to our flu immunization campaign, and the completion of additional Wellness stores, which now represent nearly a quarter of all Rite Aid stores," said Rite Aid Chairman and CEO John Standley. Total drugstore sales for the five-week period increased 1.6 percent to $2.434 billion compared to $2.396 billion for the same period last year.
The company’s successful flu immunization campaign indicates an increasing number of its customers understand just how convenient it is to visit their local Rite Aid to receive their annual flu shot. Today, Rite Aid’s pharmacists have administered over 2.4 million flu shots, and expects to meet its goal of 2.5 million for the year.
The retailer’s wellness+ customer loyalty program continues to be a key pillar that supports its broader health and wellness positioning. Rite Aid’s new wellness65+ loyalty program has now surpassed 1.3 million members and the program is attracting new senior customers, while strengthening the loyalty of existing senior members.
Rite Aid also made significant progress in transforming its nearly 4,600 stores into true neighborhood destinations for health and wellness. Customers are responding positively to Rite Aid’s Wellness Store remodels, which now represent nearly 1/4 of all Rite Aid stores. Rite Aid has more than 1,900 Wellness Ambassadors working in its Wellness Stores, providing more personalized levels of customer service.
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