CVS Corporation January Sales Increase 6.9%.Business Editors WOONSOCKET, R.I.--(BUSINESS WIRE)--Feb. 12, 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 January 31, 2004 increased 6.9% to $2.04 billion, compared to $1.91 billion in the prior year period. January sales were negatively impacted by severe winter weather in the Northeast and Mid-Atlantic states. 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 January 31, 2004 increased 5.6% over the comparable prior year four-week period. Pharmacy same store sales increased 8.2%, while front-end same store sales decreased 0.2%. Total pharmacy sales represented 71.1% of total company sales in January. As of January 31, 2004, CVS operated 4,175 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 portion of the Company's website, at http://investor.cvs.com. |
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