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CVS’ Retail Pharmacy Market Share Rises in 2Q15 on Scripts Growth

CVS in 2Q15: Ahead of Consensus on Earnings, Misses on Revenue

(Continued from Prior Part)

Sales drivers for CVS Health’s Retail Pharmacy segment

CVS Health’s (CVS) Retail Pharmacy segment reported sales of $17.2 billion in 2Q15, an increase of 2.2% over 2Q14. The revenue increase was primarily due to a larger store footprint and higher pharmacy same-store sales. The company added 20 net new stores in 2Q15, following up on the 28 added in 1Q15. The company plans to add a total of 150 this year, with net square footage increasing by 2%.

Market share gains

CVS boosted its share of the retail pharmacy market to 21.6% in 1Q15, from 21% in 2Q14. In contrast, Walgreens Boots Alliance (WBA) had an...


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