Wednesday, May 6, 2020

CVS Beats Q1 Earnings Forecast As COVID-19 Lockdowns Boost Pharmacy and Retail Sales

The Street
CVS posted stronger-than-expected first quarter earnings Wednesday as coronavirus lockdowns boosted retail and pharmacy sales as customers stockpiled household items and medical prescriptions.

Front same store sales rose 8%, from last year CVS said, while comparable pharmacy store sales surged by 9.3%. . . . more