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Rite Aid Reports 0.9 Percent Same Store Sales Increase for November


WEBWIRE

Rite Aid Corporation (NYSE: RAD) today announced sales results for November. The acquired Brooks Eckerd stores are excluded from the same store sales calculation but will be included in same store sales twelve months after the close of the acquisition, which will be in June 2008.

Total sales included all of the stores operated during the period, including stores acquired in the Brooks Eckerd acquisition on June 4, 2007.

Monthly Sales

For the five weeks ended December 1, 2007, same store sales increased 0.9 percent over the prior-year period. Pharmacy same store sales increased 1.2 percent, which included an approximate 461 basis points negative impact from new generic introductions. Front-end same store sales increased 0.3 percent.

Total drugstore sales for the five-week period increased 50.7 percent to $2.527 billion compared to $1.676 billion for the same period last year. Prescription revenue accounted for 67.7 percent of drugstore sales, and third party prescription revenue represented approximately 96.1 percent of pharmacy sales.

Third Quarter Sales

Same store sales for the 13-week quarter ended December 1, 2007 increased 0.7 percent over the prior year quarter. Pharmacy same store sales increased 1.2 percent which included an approximate 431 basis points negative impact from new generic introductions. Front-end same store sales decreased 0.4 percent.

Total drugstore sales for the quarter increased 51.1 percent to $6.499 billion from $4.301 billion in last yearís third quarter. Prescription revenue accounted for 68.3 percent of total drugstore sales, and third party prescription revenue was 96.0 percent of pharmacy sales.

Year-to-Date Sales

Same store sales for the 39-week period ended December 1, 2007, increased 1.4 percent, consisting of a 1.8 percent pharmacy same store sales increase and a 0.6 percent increase in front-end same store sales.

Total drugstore sales for the 39 weeks ended December 1, 2007, increased 35.9 percent to $17.509 billion from $12.882 billion in last yearís like period. Prescription revenue accounted for 67.0 percent of total drugstore sales, and third party prescription revenue was approximately 95.9 percent of pharmacy sales.

Rite Aid Corporation is one of the nationís leading drugstore chains, operating 5,091 stores on December 1, 2007, in 31 states and the District of Columbia. Information about Rite Aid, including corporate background and press releases, is available through the companyís website at http://www.riteaid.com/.



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