CVS Corporation Reports 12.6% Increase in June Same Store Sales.
CVS Corporation (NYSE: CVS) today announced that same store sales for the five weeks ended June 26, 1999 increased 12.6% over the prior year period. Pharmacy 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, 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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|Date:||Jul 6, 1999|
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