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Longs Reports Preliminary April Retail Drug Store Sales

    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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  • http://www.longs.com
    CONTACT:
    Longs Drug Stores Corporation,
    +1-925-979-3979