CVS/pharmacy posts 4.9% rise in same-store sales

SALES AT CVS/pharmacy stores open at least a year rose 4.9% in the past month, led by a 6.8% increase in non-pharmacy
SALES AT CVS/pharmacy stores open at least a year rose 4.9% in the past month, led by a 6.8% increase in non-pharmacy "front-end" sales, CVS Caremark said today. Above, two pedestrians pass by a CVS in Cambridge, Mass. /

WOONSOCKET – CVS Caremark Corp. (NYSE: CVS) today announced that for the four weeks ended Aug. 25, same-store sales in its CVS/pharmacy division rose 4.9 percent from their year-ago level.
Pharmacy sales at stores open more than one year rose 4.0 percent, despite the impact of recent generic-drug introductions, while front-end (non-pharmacy) sales rose 6.8 percent.
Year-to-date same-store sales, for the 34-week period ended Aug. 25, rose 6.1 percent compared with those in the same period of 2006. Pharmacy sales were up 6.1 percent and front-end sales 6.3 percent, CVS said.
CVS/pharmacy opened 15 stores, closed 3 and relocated 13 others in the four-week period, leaving the chain with 6,192 stores in 40 states and the District of Columbia.
CVS Caremark Corp. (NYSE: CVS) operates the CVS/pharmacy stores; the CVS.com online pharmacy; Caremark Pharmacy Services; and the MinuteClinic retail-based health care subsidiary. Additional information is available at investor.cvs.com.

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