CVS Corporation Reports 11.6% Increase in April Same Store Sales.WOONSOCKET, R.I.--(BUSINESS WIRE)--May 4, 1999-- 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 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 for the four weeks ended April 24, 1999 increased 11.6% over the prior year period despite the earlier Easter holiday this year, which shifted some holiday sales into March. Pharmacy pharmacy, art of compounding and dispensing drugs and medication. The term is also applied to an establishment used for such purposes. Until modern times medication was prepared and dispensed by the physician himself. In the 18th cent. same store sales rose 19.4%. Total pharmacy sales represented 58% of total company sales in April. Total sales for the four-week period ended April 24, 1999 increased 15.7% to $1.337 billion, compared to $1.155 billion in the prior year period. Sales for the combined months of March and April 1999 increased 19.3% percent from the same two months in 1998. Same store sales for the March/April period rose 14.5% percent. Year-to-date, same store sales for the seventeen-week period ended April 24, 1999 increased 13.0% over the prior year period, while pharmacy same store sales increased 20.1%. Total sales for the seventeen-week period increased 17.3% to $5.578 billion, compared to $4.757 billion in 1998. CVS is the leading drug store chain in the Northeast, Mid-Atlantic, Southeast and Midwest regions. As of April 24, 1999, CVS operated 4,090 stores in 24 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). . General information about CVS, including corporate background and press releases, is available through CVS' web site at http:\\www.CVS.com. |
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