CVS reports February sales

CVS Corporation has announced that same store sales for the four weeks ended February 23, 2002 increased 9.5 percent over the prior year period.

Pharmacy same store sales increased 11.6 percent, while front-end same store sales increased 5.7 percent. Total sales for the four-week period ended February 23, 2002 increased 10.0 percent to $1.87 billion, compared to $1.70 billion in the prior year period. Total pharmacy sales represented 66.3 percent of total company sales in February.

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Year-to-date, same store sales for the eight-week period ended February 23, 2002 increased 8.7 percent over the prior year period. Pharmacy same store sales increased 11.0 percent, while front-end same store sales increased 4.5 percent. Total sales for the eight-week period increased 9.8 percent to $3.65 billion, compared to $3.33 billion in 2001.

As of February 23, 2002, CVS operated 4,004 retail and specialty pharmacy stores in 32 states and the District of Columbia.

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