CVS Corporation December Sales Increase 9.8%; Full Year 2005 Sales Increase 21% to a Record $37 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 sales for the five-week period ended December 31, 2005 increased 9.8% to $4.0 billion, compared to $3.7 billion in the prior year period. Total pharmacy pharmacy, art of compounding and dispensing drugs and medication. The term is also applied to an establishment used for such purposes. Until modern times medication was prepared and dispensed by the physician himself. In the 18th cent. sales represented 66.3% of total company sales 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 31, 2005 increased 7.3 % over the prior year period. Pharmacy same store sales increased 7.3%, despite being negatively impacted by approximately 200 basis points due to recent generic introductions, which are being substituted for higher priced brand named drugs. Front-end same store sales also increased 7.3%. Beginning with the four weeks ended August 27, 2005, same store sales reflect the positive impact of the inclusion of approximately 1,100 stores acquired on July 31, 2004. The inclusion of the acquired stores benefited total December same store sales by approximately 135 basis points, as both front-end and pharmacy same store sales at the acquired stores positively impacted the overall results. For the fourth quarter, total sales for the thirteen-week period ended December 31, 2005, increased 9.1% to $9.7 billion, compared to $8.9 billion in the prior year. Same store sales for the thirteen weeks ended December 31, 2005 increased 6.7% over the prior year period. Pharmacy same store sales increased 6.3%, while front-end same store sales increased 7.7%. Total pharmacy sales represented 68.8% of total company sales in the quarter. Same store sales exclude stores closed for seven or more consecutive days as a result of hurricanes Katrina and Rita. For the full year, total sales for the fifty-two week period ended December 31, 2005, increased 21.0% to $37.0 billion, compared to $30.6 billion in 2004. Same store sales for the fifty-two week period increased 6.5% over the prior year period. Pharmacy same store sales increased 7.0%, while front-end same store sales increased 5.5%. CVS is America's largest retail pharmacy, operating 5,471 retail and specialty pharmacy stores (including 3 stores which remain closed as a result of hurricanes Katrina and Rita) in 37 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 31, 2005. 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 has created innovative approaches to serve the healthcare needs of all customers through its CVS/pharmacy(R) stores; its online pharmacy  This article or section may deal primarily with the U.S. and may not present a worldwide view. , CVS.com(R); 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(R). 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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