WALNUT CREEK, Calif., May 8 /PRNewswire-FirstCall/ -- Longs Drug Stores
Corporation (NYSE: LDG) today reported preliminary total retail drug store
sales for the four-week and thirteen-week periods ended May 1, 2008.
Periods ended May 1, 2008
Month Quarter
(Dollars in millions) (4 weeks) (13 weeks)
Total retail drug store sales $366 $1,220
Increase from comparable prior year period 0.4% 2.9%
Same-store sales increase (decrease):
Pharmacy (0.5)% 0.5%
Front-end (2.4)% 1.5%
Total (1.5)% 1.0%
Longs estimated that preliminary April front-end same-store sales were
unfavorably impacted by approximately 450 to 475 basis points as a result
of the three-week shift in Easter holiday sales. Easter occurred on March
23 this year versus April 8 last year.
Longs estimated that preliminary April pharmacy same-store sales were
unfavorably impacted by approximately 450 to 500 basis points as a result
of recent generic introductions being substituted for higher-priced brand
name drugs. In addition, the switch of the prescription allergy medicine
Zyrtec to over-the-counter status and a mild conclusion to the cold and flu
season versus last year had an unfavorable impact of approximately 125 to
150 basis points on pharmacy same-store sales.
ABOUT THE COMPANY
Headquartered in Walnut Creek, California, Longs Drug Stores
Corporation (NYSE: LDG) is one of the most recognized retail drug store
chains on the West Coast and in Hawaii. The Company operates 516 retail
pharmacies and offers a wide assortment of merchandise focusing on health,
wellness, beauty and convenience. Longs also provides pharmacy benefit
management services and Medicare beneficiary prescription drug plans
through its wholly-owned subsidiary, RxAmerica, LLC. Additional information
about Longs and its services is available at http://www.longs.com and more
information about RxAmerica is available at http://www.rxamerica.com.
Contact: 925-979-3979
SOURCE Longs Drug Stores Corporation
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Related links: http://www.longs.com
CONTACT: Longs Drug Stores Corporation, +1-925-979-3979
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