Rite Aid Quarterly Profit Jumps 46.5%

Features Reuters

U.S. drugstore chain Rite Aid Corp's quarterly profit jumped 46.5 percent as higher sales of prescription drugs boosted same-store sales.

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The company's net income rose to $104.9 million, or 10 cents per share, in the third quarter ended Nov. 29 from $71.6 million, or 4 cents per share, a year earlier.

Same-store sales rose 5.4 percent.

Total revenue rose 5.3 percent to $6.69 billion. (Reporting by Shailaja Sharma in Bengaluru; Editing by Kirti Pandey)