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Rite Aid reports November, quarter, YTD sales

BY David Salazar

CAMP HILL, Pa. — Rite Aid on Thursday announced sales results from November, its quarter and the year to date for the period ending Nov. 28. The company’s sales for November saw front-end sales rise 1.2% and a gain in pharmacy sales — which had about 26 basis points negative because of new generics being introduced — of 0.7%. Total store sales for November dropped 0.6% from the same period last year to $2.556 billion, with prescription sales making up 69.2% of sales. Third-party prescription sales made up 97.9% of pharmacy sales. 
 
For the quarter, same-store sales were up about 0.9% over the same period last year, with front end sales going up 0.3% and prescription counts at comparable stores up 0.2%. Total store sales were at %6.7 billion, an increase of 0.9% over the same period last year, with prescription sales making up 69.9% of total sales and third-party prescription sales constituting 97.9% of pharmacy sales. 
 
So far in 2015, Rite Aid’s same-store sales are up 1.9% over the same time last year, with a 0.4% rise in front-end same-store sales and a 1.2% rise in pharmacy same-store sale. Total store sales were up 18% to $19.9 billion, with pharmacy sales making up 69.5% of those and third-party prescriptions making up 97.8% of pharmacy sales. 
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Kroger surpasses Q3 profit, misses on sales

BY Marianne Wilson

CINCINNATI — The nation’s largest supermarket operator reported profit that surpassed Wall Street expectations and raised its annual forecast.

Kroger Co.’s third-quarter earnings rose 18% to $428 million.

Revenue inched up 0.4% to $25.08 billion for the quarter, ended Nov. 7. missing Street forecasts of $25.22 billion. Kroger cited lower fuel prices as impacting sales.

Same-store sales, excluding fuel, rose 5.4%, more than expected. It was the chain’s 48th consecutive quarter of positive same-store sales growth (excluding fuel.)

“Kroger's consistent results demonstrate once again that our relentless focus on customers is the key to sustainable shareholder returns,” said chairman and CEO Rodney McMullen. “We continue to implement our growth plan and expect to exceed our long-term net earnings per diluted share growth rate for fiscal 2015."

Kroger said profit will be as much as $2.04 a share this fiscal year, excluding some items. It previously estimated as much as $1.98 a share, and analysts project $1.99, on average.

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Costco reports November, Q1 sales numbers

BY David Salazar

ISSAQUAH, Wash. — Costco on Wednesday released its November sales, which saw a 3% increase over the same period last year, with net sales totaling $9.68 billion for the four weeks ended Nov. 29. For the company’s 12-week first quarter ended Nov. 22 Costco saw net sales of $26.63 billion, which is a 1% increase over the same period last year. For the 13 weeks ended Nov. 29 the company saw $29.2 billion in net sales, which is 2% more than the same period last year. 
 
The company’s comparable sales in the United States rose 3% for the month, 4% for the 12 weeks and 3% for the 13 weeks. Those numbers rise to 6% across the board if the price of gas deflation and foreign exchange are excluded. For the whole company, comps did not rise at all for the four weeks and 13 weeks, and they dipped by 1% for the first quarter. 
 
Costco will release its operating results for its first quarter on Dec. 8. 
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