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WOONSOCKET, R.I.--(BUSINESS WIRE)--Nov. 29, 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 four weeks ended November 24, 2007 increased 4.4% over the prior year period. Pharmacy same store sales increased 4.4%, and were negatively impacted by approximately 450 basis points due to recent generic introductions. Front-end same store sales increased 4.6%.
Same store sales at CVS/pharmacy for the forty-seven week period increased 5.7% over the prior year period. Pharmacy same store sales increased 5.6%, while front-end same store sales increased 6.0%.
During the four week period ended November 24, 2007, CVS/pharmacy opened 21 new stores, closed 1 store and relocated 6 others. As of November 24, 2007, the Company operated 6,246 CVS/pharmacy stores in 40 states and the District of Columbia.
About CVS Caremark
CVS Caremark is the largest 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 more than 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: CVS Caremark Corporation
Investors:
Nancy Christal, 914-722-4704
Senior Vice President
Investor Relations
or
Media:
Eileen Howard Dunn, 401-770-4561
Senior Vice President
Corporate Communications & Community Relations
SOURCE: CVS Caremark CorporationBack to CVS Caremark news
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