Rite Aid October Same-store Sales Increase 1% Year-over-year

By Tonya GarciaMarketWatch Pulse

Rite Aid Corp. said its October same-store sales rose 1% from last year's levels. Total drugstore sales for the month increased 1.4% to $2.09 billion from $2.06 billion a year earlier. Prescription sales totaled 70.7% of drugstore sales. Walgreens Boots Alliance announced late Tuesday that it agreed to acquire Rite Aid for $17.2 billion. Rite Aid shares are down 9.1% over the past three months. The S&P is down 0.9% for the same period.

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