August 4, 2021 by Chain Drug Review
CVS, earnings, Lynch, minimum wage, second quarter
Business, Featured Articles, Leading Headlines, Retail News
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
September 24, 2020 by Chain Drug Review
Donigan, earnings, Rite Aid, second quarter
Featured Articles, Leading Headlines, Retail News
CAMP HILL, Pa. — Rite Aid’s second quarter sales and earnings beat Wall Street’s forecast. Adjusted earnings per share of 25 cents topped analysts’ projection of a 1 cent loss. Revenue for the period ended August 29 climbed 11.5% to $5.98 billion, driven by store and PBM gains, and bettering the forecast $5.75 billion. The
May 6, 2020 by Chain Drug Review
CVS, earnings, Larry Merlo, pandemic
Featured Articles, Leading Headlines, News, Retail News
WOONSOCKET, R.I. — Strong sales during the early stage of the coronavirus pandemic helped lift CVS Health’s first quarter earnings well above Wall Street’s projection. The company’s adjusted earnings per share of $1.91 easily topped analysts’ prediction of $1.63. The comparison is skewed however, by the inability of forecasters to have projected the extent of
January 14, 2019 by Chain Drug Review
Albertsons, earnings, results, sales
Leading Headlines, Retail News
BOISE, Idaho — Albertsons Cos.’ third quarter adjusted EBITDA rose 51.4% to $649.7 million, driven by an identical-store sales gain, increased gross profit and cost cutting. Sales and other revenue in the 12 weeks ended December 1 increased 1.8% from a year earlier to $13.8 billion, with identical-store sales rising 1.9%. “We continue to gain traction
August 8, 2018 by Chain Drug Review
CVS, earnings, Merlo, Omnicare, pharmacy
Featured Articles, Leading Headlines, Pharmacy, Retail News, Uncategorized
WOONSOCKET, R.I. — Pharmacy gains propelled CVS Health’s second quarter results ahead of Wall Street’s expectations. Retail sales for the three months ended June 30 climbed 5.7% to $20.7 billion, despite less front-end traffic. Overall same-store sales rose 5.9%. Pharmacy sales jumped 8.3% from a year ago, while same-store front-end sales dipped 1%. CVS’ revenue advanced
April 18, 2018 by Chain Drug Review
earnings, Fred's, Mike Bloom, specialty pharmacy
Featured Articles, Leading Headlines, Pharmacy, Retail News
MEMPHIS — Fred’s Inc. has announced plans to sell its specialty pharmacy business. The disclosure led the company to delay publication of its fourth quarter and 2017 full-year results. An earnings call that was slated for today is now expected to be held May 4. A filing yesterday with the Securities and Exchange Commission says
November 17, 2015 by Chain Drug Review
earnings, Walmart
Leading Headlines, Retail News
BENTONVILLE, Ark. – Walmart on Tuesday reported fiscal third quarter net income of $3.30 billion, down from $3.71 billion a year ago but better than what Wall Street analysts were expecting. Comparable-store sales increased 1.5% on a traffic increase of 1.7%. The average purchase per customer was down 0.2%, compared to a 1.2% increase in