CVS/Pharmacy May Same Store Sales Increase 6.2%.WOONSOCKET, R.I. -- CVS Caremark Corporation CVS Caremark Corporation, NYSE: CVS is an integrated pharmacy services provider, combining one of the U.S.'s leading pharmaceutical services companies with the country’s largest pharmacy chain. (NYSE NYSE See: New York Stock Exchange : CVS (1) (Concurrent Versions System) A version control system for Unix that was initially developed as a series of shell scripts in the mid-1980s. CVS maintains the changes between one source code version and another and stores all the changes in one file. ) today announced that same store sales Same Store Sales A statistic used in retail industry analysis. It compares sales of stores that have been open for a year or more. Notes: This statistic allows investors to determine what portion of new sales has come from sales growth and what portion from the opening of (sales from retail pharmacy stores open more than one year) in its CVS/pharmacy division for the four weeks ended May 26, 2007 increased 6.2% over the prior year period. Pharmacy same store sales increased 6.0%, and were negatively impacted by approximately 590 basis points due to recent generic introductions. Front-end same store sales increased 6.6%. Same store sales do not include the drugstores acquired on June 2, 2006, which will be included in same store sales following the one-year anniversary of the acquisition, beginning in fiscal July 2007. Same store sales at CVS/pharmacy for the twenty one week period increased 6.8% over the prior year period. Pharmacy same store sales increased 7.1%, while front-end same store sales increased 6.1%. During the four week period ended May 26, 2007, the Company opened 15 new stores, closed 5 stores and relocated 5 others. As of May 26, 2007, the Company operated 6,168 CVS/pharmacy stores in 40 states and the District of Columbia District of Columbia, federal district (2000 pop. 572,059, a 5.7% decrease in population since the 1990 census), 69 sq mi (179 sq km), on the east bank of the Potomac River, coextensive with the city of Washington, D.C. (the capital of the United States). . About CVS Caremark CVS Caremark is the #1 provider of prescriptions and related healthcare services 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 approximately 6,200 CVS/pharmacy stores; its pharmacy benefit management A Pharmacy Benefit Manager (PBM) is a third party administrator of prescription drug programs. They are primarily responsible for processing and paying prescription drug claims. , mail order and specialty pharmacy division, Caremark Pharmacy Services; its retail-based health clinic subsidiary, MinuteClinic; and its online pharmacy, CVS.com. General information about CVS Caremark is available through the Investor Relations Investor relations The process by which the corporation communicates with its investors. portion of the Company's website, at http://investor.cvs.com, as well as through the pressroom portion of the Company's website, at www.cvs.com/pressroom. |
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