CVS Corporation February Same Store Sales Increase 7.3%.Business Editors WOONSOCKET, R.I.--(BUSINESS WIRE)--March 7, 2000 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 February 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 , based on a comparable 28-day period, increased 7.3%, while pharmacy same store sales rose 13.0%. February sales were negatively impacted by a significant drop in flu- related illness across CVS' primary markets in comparison to last year. Total sales for the four-week period ended February 26, 2000 increased 10.2% to $1.482 billion, compared to $1.344 billion in the prior year period. Total pharmacy sales represented 60% of total company sales in February. Year-to-date, same store sales for the eight-week period ended February 26, 2000 increased 8.5% over the prior year period, while pharmacy same store sales increased 14.1%. Total sales for the eight-week period increased 11.5% to $2.902 billion, compared to $2.603 billion in 1999. As of February 26, 2000, CVS operated 4,073 stores in 26 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). . CVS is the No. 1 drugstore chain in the U.S. with stores in the Northeast, Mid-Atlantic, Southeast and Midwest regions of the country and the largest retail provider of prescriptions in the nation. 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 web site, at http://www.CVS.com. |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion