CVS's Feb SSS +9.5% (Rx: 11.6%; FE: 5.7%)
Tuesday March 5, 8:55 am Eastern Time
Press Release
SOURCE: CVS Corporation
CVS Corporation February Sales Increase 10.0%
WOONSOCKET, R.I.--(BUSINESS WIRE)--March 5, 2002--CVS Corporation (NYSE: CVS - news) today announced that same store sales for the four weeks ended February 23, 2002 increased 9.5% over the prior year period. Pharmacy same store sales increased 11.6%, while front-end same store sales increased 5.7%.
Total sales for the four-week period ended February 23, 2002 increased 10.0% to $1.87 billion, compared to $1.70 billion in the prior year period. Total pharmacy sales represented 66.3% of total company sales in February.
Year-to-date, same store sales for the eight-week period ended February 23, 2002 increased 8.7% over the prior year period. Pharmacy same store sales increased 11.0%, while front-end same store sales increased 4.5%. Total sales for the eight-week period increased 9.8% to $3.65 billion, compared to $3.33 billion in 2001.
As of February 23, 2002, CVS operated 4,004 retail and specialty pharmacy stores in 32 states and the District of Columbia.
CVS is America's #1 pharmacy dispensing prescriptions in more stores than any other retailer. With annual revenues exceeding $22 billion, CVS has created innovative approaches to serve the healthcare needs of all of our customers through its more than 4,000 CVS/pharmacy stores; CVS ProCare, its specialty pharmacy business; CVS.com, its online pharmacy; and Pharmacare, its pharmacy benefit management company. General information about CVS is available through the Investor Relations portion of the Company's website, at cvs.com.
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Contact:
CVS Corporation
Investor Contact:
Nancy Christal, 914/722-4704
Vice President
Investor Relations
Media Contact:
Todd Andrews, 401/770-5717
Director
Corporate Communications
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