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Longs estimated that preliminary August pharmacy same-store sales wereunfavorably impacted by approximately 275 to 300 basis points as a result ofrecent generic introductions being substituted for higher-priced brand namedrugs. In addition, a reduction in cold, flu, and allergy prescriptions,primarily due to the impact of the switch of the prescription allergy medicineZyrtec to over-the-counter status, had an unfavorable impact of approximately125 to 150 basis points on pharmacy same-store sales.
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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 WestCoast and in Hawaii. The Company operates 523 retail pharmacies and offers awide assortment of merchandise focusing on health, wellness, beauty andconvenience. Longs also provides pharmacy benefit management services andMedicare beneficiary prescription drug plans through its wholly-ownedsubsidiary, RxAmerica, LLC. Additional information about Longs and itsservices is available at http://www.longs.com and more information aboutRxAmerica is available at http://www.rxamerica.com.
Contact: 925-979-3979Periods ended August 28, 2008 (Dollars in millions) Year Month to Date (4 weeks) (30 weeks) Total retail drug store sales $364 $2,785 Increase from comparable prior year period 0.9% 1.6% Same-store sales increase (decrease): Pharmacy (1.3)% (0.2)% Front-end (1.4)% (0.2)% Total (1.4)% (0.2)%
SOURCE Longs Drug Stores Corporation
