CVS Corporation Reports 12.6% Increase in June Same Store Sales.WOONSOCKET, R.I.--(BUSINESS WIRE)--July 6, 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 five weeks ended June 26, 1999 increased 12.6% over the prior year period. 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 20.0%. Total pharmacy sales represented 59% of total company sales in June. Total sales for the five-week period ended June 26, 1999 increased 19.0% to $1.667 billion, compared to $1.401 billion in the prior year period. Year-to-date Year-to-date (YTD) The period beginning at the start of the calendar year up to the current date. , same store sales for the twenty-six week period ended June 26, 1999 increased 12.5% over the prior year period, while pharmacy same store sales increased 19.9%. Total sales for the twenty-six week period increased 16.9% to $8.603 billion, compared to $7.357 billion in 1998. CVS is the largest retail provider of prescriptions in the nation. The Company is the No.1 drugstore chain in terms of store count, leading the Northeast, Mid-Atlantic, Southeast and Midwest regions. 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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