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Longs Reports Preliminary June Retail Drug Store Sales
Date:7/10/2008

WALNUT CREEK, Calif., July 10 /PRNewswire-FirstCall/ -- Longs Drug Stores Corporation (NYSE: LDG) today reported preliminary total retail drug store sales for the 5-week, 9-week and 22-week periods ended July 3, 2008.

Periods ended July 3, 2008

Quarter Year

Month to Date to Date

(Dollars in millions) (5 weeks) (9 weeks) (22 weeks)

Total retail drug store sales $475 $848 $2,068

Increase from comparable prior

year period 2.3% 1.4% 2.3%

Same-store sales increase (decrease):

Pharmacy 2.6% 0.3% 0.4%

Front-end (0.4)% (0.3)% 0.7%

Total 1.1% 0.0% 0.6%

Longs estimated that preliminary June pharmacy same-store sales were unfavorably impacted by approximately 275 to 300 basis points as a result of recent generic introductions being substituted for higher-priced brand name drugs. In addition, a reduction in cold, flu, and allergy prescriptions, primarily due to the impact of the switch of the prescription allergy medicine Zyrtec to over-the-counter status, had an unfavorable impact of approximately 125 to 150 basis points on pharmacy same-store sales.

Longs estimated that preliminary June pharmacy same-store sales were also favorably impacted by approximately 100 to 125 basis points as a result of the calendar shift in Memorial Day, which fell in the Company's fiscal month of May this year
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SOURCE Longs Drug Stores Corporation
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