CVS Announces Sales Gains
CVS reports that same store sales (sales from stores open more than one year) in the Company's CVS/pharmacy division for the fourth quarter rose 3.4 percent over the prior year period. Pharmacy same store sales rose 3.6 percent. Front-end same store sales increased 2.9 percent. For the full year, same store sales in the Company's CVS/pharmacy division increased 5.3 percent. Pharmacy same store sales increased 5.2 percent and front-end same store sales increased 5.3 percent. For the year, CVS Caremark opened 139 new retail pharmacy stores and 1 new specialty pharmacy store; closed 44 retail pharmacy stores, 1 mail service pharmacy and 2 specialty mail order pharmacies.