Same Store Sales


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Same Store Sales

When a retail company owns several stores, the amount in sales made by stores that have been open for more than one year. It is calculated by subtracting the amount in sales made by new stores from the total sales in a given period. Same store sales are useful because they allow a company to have an indication how much demand for its products is growing in stores that currently exist. Increases in same store sales may be as useful to expansion as opening new stores as they do not carry the overhead associated with it. Same store sales are released on a monthly basis and are also known as comps.
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The company added its December front-end same store sales escalated by 1.0%.
In addition, the company's pharmacy same store sales, which included an approximate 102 basis points negative impact from new generic introductions, grew by 4.1%.
Drug store Rite Aid Corporation (NYSE:RAD) stated on Thursday that its same store sales rose by 2.8% for the five weeks ended 30 November 2013 over the prior-year period.
The company added that its November front-end same store sales shot up by 0.4% for the five weeks ended 30 November 2013.
Drugstore Rite Aid Corporation (NYSE:RAD) stated on Thursday that its same store sales declined by 3.6% for the five weeks ended 2 March 2013 over the previous year period.
The company announced the February front-end same store sales fell by 1.3%, while February front-end same store sales attributable to flu-related over-the-counter products were flat.
Drugstore Rite Aid Corporation (NYSE:RAD) stated on Thursday that its same store sales dipped by 2.2% for the four weeks ended 29 December 2012 over the prior-year period.
For the four weeks ended 29 December 2012, the front-end same store sales was down by 1.0%.
Prescription drug company Rite Aid Corporation (NYSE:RAD) stated on Thursday that same store sales declined by 1.1% for the four weeks ended 27 October 2012 over the prior-year period.
The company's October front-end same store sales rose by 1.5% and the pharmacy same store sales fell by 2.3%.
Also, front-end same store sales for July were up by 3.1%, while pharmacy same store sales, which included an approximate 151 basis points negative impact from new generic introductions, increased 1.4 %.
Also, same store sales for the year-to-date period increased by 1.2%, consisting of a 0.9% front-end same store sales increase and a 1.3% increase in pharmacy same store sales.