WOONSOCKET – The CVS Corp. says its total sales for the four-week period ending Nov. 27 were up 27 percent, to $2.64 billion, compared to $2.07 billion in the previous year, reflecting the impact of the acquisition of 1,268 Eckerd drugstores and Eckerd’’ pharmacy benefit management and mail-order pharmacy business.
Total pharmacy sales represented 71.3 percent of total company sales in November, CVS said.
Seifert Systems Invests in Energy Efficiency to Strengthen Operations
For manufacturers, energy is more than just another operating expense. It plays a critical role…
Learn More
Same-store sales (at stores open more than one year) increased 3.1 percent, not including Eckerd stores, CVS said. Pharmacy same-store sales grew almost four times as fast as front-end sales, 4.0 percent compared with 1.2 percent.
Front-end sales were tempered by lower Halloween-related sales this year, CVS said, but they were offset partly by Thanksgiving-related sales. However, the week of Thanksgiving historically produces lower pharmacy sales, primarily due to reduced store hours.
Year-to-date, total sales for the 47 weeks ending Nov. 27 were up 16 percent to $26.94 billion, CVS said, compared to $23.23 billion in 2003. Same-store sales were up 5.6 percent, with pharmacy same-store sales up 7 percent, and front-end sales up 2.6 percent.
CVS is America’s largest pharmacy chain, with 5,379 retail and specialty pharmacy stores in 36 states and the District of Columbia as of Nov. 27. It also has an online pharmacy, CVS.com, and a pharmacy benefit management and specialty pharmacy subsidiary, PharmaCare Management Services.
