CVS sees rise in 5-week sales ended Sept. 29
WOONSOCKET, R.I. CVS Caremark announced on Thursday that same-store sales for the five weeks ended Sept. 29 rose 5 percent.
Pharmacy same-store sales climbed 4.3 percent, and were negatively impacted by about 550 basis points due to recent generic introductions. Front-end same-store sales rose 6.8 percent.
During the five-week period the pharmacy retailer opened 17 stores, closed three and relocated 13 others. As of Sept. 29, the company operated 6,206 stores in 40 states and the District of Columbia.
For the third quarter, same-store sales for the 13 weeks ended Sept. 29 rose 5 percent, while pharmacy same-store sales increased 4.3 percent. Front-end same-store sales increased 6.5 percent.