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