CVS January sales increase 8.6 percent |
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Thu, 01 Feb 2007 14:31
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WOONSOCKET, R.I. (AFX) - CVS Corp. said Thursday its January same-store-sales, or sales at stores open at least a year, jumped 8.6 percent, buoyed by an increase in front store sales.The figure fell just shy of analysts expectations for a 9 percent rise in same-store-sales.The rise came despite the negative impact from recent generic introductions, the company said. Front-end same-store-sales rose 8.2 percent.Total sales rose 24.2 percent to $3/7 billion from $3 billion, the company said. Pharmacy revenue represented about 70 percent of the company's total.Copyright 2006 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
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