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Same-store sales fall at CVS

Published 05/02/2017, 07:12 AM
© Reuters.  Same-store sales fall at CVS
CVS
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  • CVS Health (NYSE:CVS) reports same-store sales in the front end of its stores fell 4.9% in Q1 to top the consensus expectation for a 6% drop.
  • Revenue in the pharmacy services segment increased 8.5% Y/Y to $31.2B on a 10% jump in network claims processed. Pharmacy same-store sales declined 4.7% vs. -4.2% consensus.
  • Operating profit fell 18% during the quarter as charges tied to the closure of retail stores factored in.
  • CVS backs prior guidance for 2017 EPS of $5.77 to $5.93.
  • Previously: CVS Health beats by $0.07, beats on revenue (May 2)
  • CVS -0.43% premarket to $81.61.
  • Now read: Triple Threat Investing With CVS


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