CVS Corporation March Same Store Sales Increase 9.2%.Business Editors WOONSOCKET, RI--(BUSINESS WIRE)--April 11, 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 March 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 increased 9.2%, while pharmacy same store sales rose 16.9%. Total sales for the five-week period ended April 1, 2000 increased 12.2% to $1.837 billion, compared to $1.638 billion in the prior year period. Total pharmacy sales represented 63% of total company sales in March. Year-to-date, same store sales for the thirteen-week period ended April 1, 2000 increased 8.8% over the prior year period, while pharmacy same store sales increased 15.2%. Total sales for the thirteen-week period increased 11.8% to $4.739 billion, compared to $4.240 billion in 1999. As of April 1, 2000, CVS operated 4,078 stores in 27 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 |
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