WOONSOCKET, R.I. — CVS Health’s fourth quarter sales and earnings beat Wall Street’s expectations, as demand for COVID-19 tests and vaccines drove customers to stores. Revenue for the three months ended December 31 jumped 10.1% from a year earlier to $76.6 billion, topping analysts’ projection of $75.67 billion. Adjusted earnings per share climbed 52% to
NEW YORK — Musab Balbale is leaving his position as vice president and general manager of Walmart Beauty, and will reportedly take the top merchant role at CVS Health. Balbale announced his departure from Walmart in a post on his LinkedIn page. Industry sources say he is headed to CVS Health, to fill the post
NEW YORK — BosleyMD, the Thinning Hair Authority, is expanding into CVS Pharmacy, entering into 7,500 locations and growing the brand’s accessibility and availability to consumers nationwide. Designed to help prevent hair loss and thinning with a 360-degree approach to healthy hair growth, BosleyMD’s products are Bosley doctor collaborated and endorsed by professional stylists. As
As Karen Lynch nears the end of her first year as president and chief executive officer of CVS Health, it’s clear that she is intent on extending the legacy of growth and innovation that has been a hallmark of the company for more than three decades. Speaking at CVS’ investor day in New York City
NEW YORK —As the omicron variant continues to spread throughout the U.S. and COVID-19 cases spike ahead of Christmas, demand for at-home testing kits has risen dramatically. This has prompted Amazon, Walgreens and CVS this week to limit how many tests each customer can purchase. Amazon said it won’t let individual shoppers buy more than
What’s going on at CVS? Are these dramatic moves that were announced recently by the Woonsocket, R.I.-based drug chain the preface to a new beginning or an admission that all is not running as smoothly as the chain drug industry and one of its premier retailers had hoped? That’s the question most on industry minds
CLEVELAND — A federal jury on Tuesday found that pharmacies operated by CVS Health, Walgreens and Walmart contributed to the opioid epidemic in two Ohio counties, Reuters reported. The trial was for a lawsuit filed in 2018 by Ohio’s Lake and Trumbull counties against Giant Eagle, Walgreens Boots Alliance, CVS Health and Walmart. Thousands of
NEW YORK — The Centers for Disease Control and Prevention formally recommended booster shots for many recipients of Moderna and Johnson & Johnson’s vaccines. As a result, up to 99 million Americans are now eligible for additional doses bolstering protection against COVID-19 beginning Friday. This follows FDA authorization of a Pfizer booster dose on Sept.
An article in a recent edition of The Wall Street Journal about challenges caused by a shortfall of workers at CVS Health missed the forest for the trees, focusing on problems at a few of its more than 10,000 drug stores, while giving short shrift to the extraordinary contributions that CVS — like other retail
WOONSOCKET, R.I. — CVS Health and Novo Nordisk Inc. announced today that the two companies are piloting a new, personalized nutrition coaching program to support people struggling with obesity, after their treatment plan has been determined by a licensed provider. More than 40 percent of the U.S. population suffers from obesity, a chronic disease that
One could argue, with some degree of logic and certainty, that the most intriguing and significant competition in today’s mass retail community is the duel between Walmart and Amazon. Certainly the stakes are high — with the two retailers occupying the very top rungs of the retail ladder. Then, too, each approaches the market in
WOONSOCKET, R.I. — CVS Health posted second quarter sales and earnings that easily topped analysts’ projections. Strong retail sales helped lift the company’s adjusted profit to $2.42 a share, well ahead of Wall Street’s prediction of $2.07 a share. Revenue climbed 11.1% to $72.62 billion, beating the forecast of $70.24 billion. The company boosted its
NEW YORK — Former CVS Health executive Maly Bernstein has been named chief executive officer of Bluemercury, a Macy’s Inc. retail brand, effective September 13. She will oversee the growth and strategy of all aspects of Bluemercury, from its digital platform to stores. She will report to Tony Spring, chairman and CEO of Bloomingdale’s, and
WOONSOCKET, R.I. — CVS Health on Monday issued the following statement about the evolution of its purpose statement. “Over the past several years, we’ve seen the power of being a purpose-driven company and how it can keep all our colleagues — from the C-suite to the front line — focused on our customers’ needs and