|CVS Corporation January Same Store Sales Increase 12.0%|
WOONSOCKET, R.I.--(BUSINESS WIRE)--Feb. 6, 2001--CVS Corporation (NYSE:CVS) today announced that same store sales for the four weeks ended January 27, 2001 increased 12.0% over the prior year period while pharmacy same store sales rose 18.9%. The timing of the New Year's holiday, which fell into the January reporting period this year versus December last year, had a negative impact on January same store sales of approximately 2% on both pharmacy and total comps.
Total sales for the four-week period ended January 27, 2001 increased 14.4% to $1.62 billion, compared to $1.42 billion in the prior year period. Total pharmacy sales represented 67% of total company sales in January.
As of January 27, 2001, CVS operated 4,124 stores in 31 states and the District of Columbia.
CVS is America's #1 pharmacy dispensing more retail prescriptions in more stores than any other chain. With annual revenues of more than $20 billion, CVS has created innovative approaches to serve the healthcare needs of all of our customers through its more than 4,100 CVS/pharmacy stores; CVS ProCare, its specialty pharmacy business; CVS.com, its online pharmacy; and Pharmacare, its pharmacy benefit management company. General information about CVS is available through the Investor Relations portion of the Company's website, at http://www.CVS.com.