CVS Corporation January Sales Increase 7.9%.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 four-week period ended January 28, 2006 increased 7.9% to $3.0 billion, compared to $2.7 billion in the prior year period. Total pharmacy sales represented 71.0% of total company sales in January. 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 28, 2006 increased 5.4% over the prior year period. Pharmacy same store sales increased 4.8%, and were negatively impacted by approximately 230 basis points due to recent generic introductions as well as a difficult comparison with last year's strong flu season
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 January same store sales by approximately 164 basis points, as both front-end and pharmacy same store sales at the acquired stores positively impacted the overall results. CVS is America's largest retail pharmacy, operating 5,455 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 January 28, 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 has created innovative approaches to serve the healthcare needs of all customers through its 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. , mail order and specialty pharmacy subsidiary, PharmaCare(R). 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, as well as through the pressroom portion of the Company's website, at www.cvs.com/pressroom. |
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