The Traderszone Network

Published in TZ Latest News 1 August, 2014 by The TZ Newswire Staff

Update: Rite Aid – Positive Direction Continues

By Jeffrey Himelson:

Rite Aid (NYSE:RAD) recently released its July sales figures. The same store sales growth reported was compelling, with a 4.6% y/y increase. Exceptional growth was derived from pharmacy sales with a 6% expansion, even when including a 2.03% negative impact from new generic introductions. Moreover, front-end same store sales were also positive, increasing 1.5% y/y.

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