CVS/pharmacy September Same Store Sales Increase 5.0%
WOONSOCKET, R.I., Oct 04, 2007 (BUSINESS WIRE) -- CVS Caremark Corporation (NYSE: CVS) today announced that same store sales (sales from retail pharmacy stores open more than one year) in its CVS/pharmacy division for the five weeks ended September 29, 2007 increased 5.0% over the prior year period. Pharmacy same store sales increased 4.3%, and were negatively impacted by approximately 550 basis points due to recent generic introductions. Front-end same store sales increased 6.8%.
For the third quarter, same store sales at CVS/pharmacy for the thirteen weeks ended September 29, 2007, increased 5.0% over the prior year period. Pharmacy same store sales increased 4.3%, while front-end same store sales increased 6.5%.
Same store sales at CVS/pharmacy for the thirty-nine week period increased 6.0% over the prior year period. Pharmacy same store sales increased 5.8%, while front-end same store sales increased 6.3%.
During the five week period ended September 29, 2007, CVS/pharmacy opened 17 new stores, closed 3 stores and relocated 13 others. As of September 29, 2007, the Company operated 6,206 CVS/pharmacy stores in 40 states and the District of Columbia.
CVS Caremark is the largest provider of prescriptions in the nation. The Company fills or manages more than 1 billion prescriptions annually. Through its unmatched breadth of service offerings, CVS Caremark is transforming the delivery of healthcare services in the U.S. The Company is uniquely positioned to effectively manage costs and improve healthcare outcomes through its more than 6,900 CVS/pharmacy stores; its Caremark Pharmacy Services division (pharmacy benefit management, mail order and specialty pharmacy); its retail-based health clinic subsidiary, MinuteClinic; and its online pharmacy, CVS.com. General information about CVS Caremark is available through the Investor Relations section of the Company's website, at http://investor.cvs.com, as well as through the newsroom section of the Company's website, at www.cvscaremark.com/newsroom.
CVS Caremark Corporation
Investors:
Nancy Christal, 914-722-4704
Vice President
Investor Relations
or
Media:
Eileen Howard Dunn, 401-770-4561
Vice President
Corporate Communications
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