Finance

Longs Drug Stores reports preliminary total sales increase of 7.4%

Published in Law and Health Weekly, March 11th, 2006

Longs Drug Stores Corporation (LDG) reported preliminary total sales of $360.5 million for the 4-week period ended January 26, 2006, a 7.4% increase from total sales of $335.6 million in the comparable period a year ago.

Effective January 1, 2006, the company began generating revenues with three new prescription drug plans offered under Medicare Part D through its wholly owned subsidiary, RxAmerica. As a result, approximately 5.1% of Longs preliminary total sales for January were generated by RxAmerica compared with 0.8% last year.

Preliminary January same-store sales increased 2.2% from the same period last year. Pharmacy same-store sales increased...

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Source: Law and Health Weekly (2006-03-11)

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