CVS Corporation (CVS) Reports February Same-Store Sales
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CVS Corporation (NYSE: CVS) announced that total revenue for the four-week period ended February 24, 2007 increased 22.5% to $3.8 billion, compared to $3.1 billion in the prior year period. Total pharmacy revenue represented 68.3% of total company revenue in February.
Same store sales (sales from stores open more than one year) for the four weeks ended February 24, 2007 increased 7.0% over the prior year period. Pharmacy same store sales increased 7.4%, despite being negatively impacted by approximately 410 basis points due to recent generic introductions. Front-end same store sales increased 6.2%.
Same store sales (sales from stores open more than one year) for the four weeks ended February 24, 2007 increased 7.0% over the prior year period. Pharmacy same store sales increased 7.4%, despite being negatively impacted by approximately 410 basis points due to recent generic introductions. Front-end same store sales increased 6.2%.
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