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Article: CVS Corporation Reports Record Sales and Earnings in First Quarter 2005; First Quarter Diluted EPS Increased 16.9% to a Record $0.69.
- Article from:
- Business Wire
- Article date:
- May 5, 2005
CopyrightCOPYRIGHT 2005 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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WOONSOCKET, R.I. -- CVS Corporation (NYSE:CVS), today announced record sales and earnings for the first quarter ended April 2, 2005.
Net sales for the first quarter ended April 2, 2005 increased 34.7% to $9.18 billion, up from $6.82 billion during the first quarter of 2004. Same store sales (sales from stores open more than one year) for the quarter rose 8.2%, while pharmacy same store sales rose 8.8% and front-end same store sales increased 6.9%. Same store sales do not include the acquired Eckerd drugstores, which will be included in same store sales beginning in August 2005. The Company estimates the Easter shift had a positive impact of approximately 140 basis ...