CVS Corporation February Sales Increase 7.3%.Business Editors WOONSOCKET, R.I.--(BUSINESS WIRE)--March 9, 2004 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 four-week period ended February 28, 2004 increased 7.3% to $2.13 billion, compared to $1.98 billion in the prior year period. 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 four weeks ended February 28, 2004 increased 5.4% over the prior year period. Pharmacy same store sales increased 7.5%, while front-end same store sales increased 1.0%. Total pharmacy sales represented 68.9% of total company sales in February. Year-to-date, total sales for the eight-week period ended February 28, 2004, increased 7.1% to $4.17 billion, compared to $3.89 billion in 2003. Same store sales for the eight-week period increased 5.5% over the prior year period. Pharmacy same store sales increased 7.9%, while front-end same store sales increased 0.4%. Tom Ryan
Tom Ryan (born August 3 1986), who plays under the pseudonym Ogre 2, is a professional gamer from Pickerington, Ohio, USA. , Chairman, President, and Chief Executive Officer, stated, "I am pleased with our February sales results, particularly in light of the fact that the incidence of flu-related prescriptions across the industry declined more than 40% during the month. Both our front-end and pharmacy businesses are experiencing growing customer counts and healthy overall performance." As of February 28, 2004, CVS operated 4,182 retail and specialty pharmacy stores in 32 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). . Celebrating 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 over 4,100 CVS/pharmacy(R) stores, its online pharmacy; 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. and specialty pharmacy subsidiary, PharmaCare Management Services. General information about CVS 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. |
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