Breaking News

CVS Caremark Posts Record Q2 Results

August 5, 2014

Buoyed by results from its pharmacy services segment, CVS Caremark Corporation said second quarter sales rose 10.7% to $34.6 billion. Pharmacy sales rose 16.2% to $21.8 billion. Revenues in the retail pharmacy segment increased 4.5% to $16.9 billion. Same store sales increased 3.3%, with pharmacy same store sales up 5.0% and front store same store sales down 0.4%. Net income for the three months ended June 30, 2014, increased 10.9% to $1.2 billion.

"I'm extremely pleased with our strong performance this quarter. With adjusted EPS increasing 16.5%, we came in two cents above the high end of our expectations," said President and Chief Executive Officer Larry Merlo.

For the six months, sales rose more than 9% to $67.2 billion. Net income rose more than 14% to over $2.3 billion.

blog comments powered by Disqus
  • Coming Clean on a Host of Issues

    October 17, 2016
    Cleaning Products Conference is set for Nov. 9-11, 2016 in Washington DC.

  • Let the Magic Begin!

    Let the Magic Begin!

    Tom Branna, Editorial Director||October 10, 2016
    IFSCC Congress gets underway at Walt Disney World this month.

  • P&G’s Latest Patents

    P&G’s Latest Patents

    Christine Esposito, Associate Editor||October 10, 2016
    A look at recent patent and IP related news from the biggest household and personal care player in the US.

  • Change Is in the Air

    Change Is in the Air

    Doreen Wang, BrandZ ||October 3, 2016
    Technology is changing the personal care market

  • Back to School

    Back to School

    Tom Branna, Editorial Director||September 1, 2016
    It may be September, but class was in session this summer during the Private Label Manufacturers Association’s Executive Educ

  • How Green Is Your Surfactant?

    How Green Is Your Surfactant?

    Tom Branna, Editorial Director ||September 1, 2016
    Suppliers offer a range of solutions to help household and personal care product formulators develop formulas