CVS Corporation December Revenues Increase 24.2%.Full Year 2006 Revenues Increase 18.4% to a Record $43.8 Billion WOONSOCKET, R.I. -- 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. Corporation (NYSE NYSE See: New York Stock Exchange : CVS) today announced that total revenues for the five-week period ended December 30, 2006 increased 24.2% to $5.0 billion, compared to $4.0 billion in the prior year period, including the impact of the June 2, 2006, acquisition of 701 standalone stand·a·lone adj. Self-contained and usually independently operating: a standalone computer terminal. Sav-On and Osco drugstores. Total pharmacy revenues represented 65.8% of total company revenues in December. 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 stores open more than one year) for the five weeks ended December 30, 2006 increased 8.5% over the prior year period. Pharmacy same store sales increased 10.4%, despite being negatively impacted by approximately 350 basis points due to recent generic introductions. Front-end same store sales increased 5.0%. 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. For the fourth quarter, total revenues for the thirteen-week period ended December 30, 2006, increased 24.0% to $12.1 billion, compared to $9.7 billion in the prior year. Same store sales for the thirteen weeks ended December 30, 2006 increased 8.7% over the prior year period. Pharmacy same store sales increased 10.2%, while front-end same store sales increased 5.5%. Total pharmacy revenues represented 68.4% of total company revenues in the quarter. For the full year, total revenues for the fifty-two week period ended December 30, 2006, increased 18.4% to $43.8 billion, compared to $37.0 billion in 2005. Same store sales for the fifty-two week period increased 8.2% over the prior year period. Pharmacy same store sales increased 9.1%, while front-end same store sales increased 6.2%. CVS is America's largest retail pharmacy, operating 6,202 retail and specialty pharmacy stores in 43 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). as of December 30, 2006. With more than 40 years of dynamic growth in the retail pharmacy industry, CVS is committed to being the easiest pharmacy retailer for customers to use. CVS innovatively serves the healthcare needs of all customers through its CVS/pharmacy stores; its online pharmacy  This article or section may deal primarily with the U.S. and may not present a worldwide view. , CVS.com; its retail-based health clinic subsidiary, MinuteClinic; and 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 subsidiary, PharmaCare. General information about CVS is available through the Investor Relations Investor relationsThe 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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