Rite Aid's Sales Growth Slows As Newly Launched Generics Are The Likely Culprit

Rite Aid , the third largest drugstore chain in the U.S., is the only drug store chain in the top three that still releases monthly sales data. While sales in the pharmacy industry mostly remain stable, the extra detail helps us adjust our expectations for the company's performance prior to their earnings release every quarter. In the previous quarter (ending May), Rite Aid averaged a year-over-year growth rate of 2.9% in the three-month period, slightly higher than the 2.7% reported during the ...