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How CVS is Shoring Up Its National Retail Footprint

Earnings Preview: Key Performance Drivers for CVS Health in 2Q15

(Continued from Prior Part)

Store count increases

CVS Health (CVS) is planning to increase its net retail store count by ~150 in 2015. The net retail square footage is expected to increase by ~2% in 2015. In 1Q15, CVS added 28 net new stores.

Strategic benefits of the Target pharmacies acquisition

If the pharmacy deal with Target (TGT) closes as expected by the end of 2015, about ~1,660 Target locations would be added to CVS’s store count. According to Dave Denton, CVS Health’s CFO (chief financial officer), the $1.9 billion...


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