Rite Aid has reported revenues of $6.4bn (£4.01bn) for the first quarter ended May 28, unchanged on the figure for last year’s first quarter.

Like-for-like sales increased 0.8% as front-end like-for-likes were flat and pharmacy like-for-likes rose 1.1%.

Net losses were $63.1m (£39.6bn) compared with last year’s first quarter net loss of $73.7m (£46.26bn). Rite Aid confirmed it was expecting like-for-like sales to range from an increase of between 0.5% and 2% over the 2011 financial year.