|CVS/pharmacy June Same Store Sales Increase 5.4%|
WOONSOCKET, R.I.--(BUSINESS WIRE)--July 5, 2007--CVS Caremark Corporation (NYSE: CVS) today announced that same store sales (sales from retail pharmacy stores open more than one year) in its CVS/pharmacy division for the five weeks ended June 30, 2007 increased 5.4% over the prior year period. Pharmacy same store sales increased 4.7%, and were negatively impacted by approximately 590 basis points due to recent generic introductions. Front-end same store sales increased 6.8%. Same store sales do not include the drugstores acquired on June 2, 2006, which will be included in same store sales following the one-year anniversary of the acquisition, beginning in fiscal July 2007.
For the second quarter, same store sales at CVS/pharmacy for the thirteen weeks ended June 30, 2007, increased 5.7% over the prior year period. Pharmacy same store sales increased 5.7% while front-end same store sales increased 5.9%.
Same store sales at CVS/pharmacy for the twenty six week period increased 6.5% over the prior year period. Pharmacy same store sales increased 6.7%, while front-end same store sales increased 6.2%.
During the four week period ended June 30, 2007, the Company opened 16 new stores, closed 7 stores and relocated 13 others. As of June 30, 2007, the Company operated 6,177 CVS/pharmacy stores in 40 states and the District of Columbia.
About CVS Caremark
CVS Caremark is the #1 provider of prescriptions and related healthcare services in the nation. The Company fills or manages more than 1 billion prescriptions annually. Through its unmatched breadth of service offerings, CVS Caremark is transforming the delivery of healthcare services in the U.S. The Company is uniquely positioned to effectively manage costs and improve healthcare outcomes through its approximately 6,200 CVS/pharmacy stores; its pharmacy benefit management, mail order and specialty pharmacy division, Caremark Pharmacy Services; its retail-based health clinic subsidiary, MinuteClinic; and its online pharmacy, CVS.com. General information about CVS Caremark is available through the Investor Relations portion of the Company's website, at http://investor.cvs.com, as well as through the pressroom portion of the Company's website, at www.cvs.com/pressroom.
CONTACT: Nancy Christal Vice President Investor Relations 914-722-4704 (Investors) Eileen Howard Dunn Vice President Corporate Communications 401-770-4561 (Media) SOURCE: CVS Caremark Corporation