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Longs Reports Preliminary May Retail Drug Store Sales
Date:6/5/2008

WALNUT CREEK, Calif., June 5 /PRNewswire-FirstCall/ -- Longs Drug Stores Corporation (NYSE: LDG) today reported preliminary total retail drug store sales for the four-week and seventeen-week periods ended May 29, 2008.

Periods ended May 29, 2008

Month Year to Date

(Dollars in millions) (4 weeks) (17 weeks)

Total retail drug store sales $374 $1,593

Increase from comparable prior year period 0.2% 2.3%

Same-store sales increase (decrease):

Pharmacy (2.6)% (0.2)%

Front-end (0.2)% 1.1%

Total (1.4)% 0.4%

Longs estimated that preliminary May 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 200 to 225 basis points on pharmacy same-store sales.

Longs estimated that preliminary May pharmacy same-store sales were also unfavorably impacted by approximately 125 to 150 basis points as a result of the calendar shift in Memorial Day, which fell in the Company's fiscal month of May this year versus the fiscal month of June last year.

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SOURCE Longs Drug Stores Corporation
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