CVS Health news

17 August 2020
We review CVS Health’s performance in the second quarter and its latest developments to help navigate through COVID-19. Revenue growth despite being impacted by COVID-19 CVS Health reported total revenue increased by 3.0% to $USD 65.3bn for the second quarter ending 30 th June 2020. The drugstore chain reported growth despite being affected by COVID-19, with impacts on its footfall and num...
07 May 2020
We review CVS Health’s Q1 performance and its role in relation to the coronavirus (COVID-19) pandemic. Retail same-stores sales up 9.0% Total net revenues increased 8.3% to $66.8bn in Q1, driven by higher volume in its Retail/LTC segment and pharmacy service along with membership growth in government products in health care benefits. Retail/LTC revenues were up 7.7%, with same-store sales u...
13 February 2020
We review CVS Health’s fourth quarter performance and how it’s developing an integrated healthcare model, building resilience against online pharmacy operators. Fourth quarter key numbers Total Q4 revenue increased 22.9% to $66.9bn, driven by the acquisition of Aetna For the full year, total revenue increased 32.0% to $256.8bn Within the Retail/Long Term Care (LTC) segment, revenue...
08 November 2019
CVS Health delivered a strong third quarter performance, supported by the acquisition of Aetna and the roll-out of its new HealthHUB format. Optimising data and analytics Total revenues in Q3 increased 36.5% to $64.8bn, with same-store sales up 3.6%. Growth was primarily driven by the acquisition of Aetna. Front store same-store sales were up 0.6%, while pharmacy same-store sales increased ...
07 August 2019
We review CVS Health’s Q2 results and the progress it’s making against its four strategic pillars. Top line results Second quarter revenues increase 35.2% to $63.4bn, reflecting the acquisition of Aetna. Within the Retail/LTC segment, revenues increased 3.7% to $21.4bn. Same-store sales increased 4.2%, driven by pharmacy up 4.7%, while front store same-store sales were up 2.9%. Net income c...
06 August 2019
CVS Pharmacy expands its membership programme ‘Carepass’ nationwide. CarePass: on-demand care CVS Pharmacy expands its membership programme ‘CarePass’ nationwide, for its retail division. The roll out follows a successful trial which launched to customers in Boston in October 2018. CVS Pharmacy customers can now register at participating stores nationwide, or online. CarePass of...
04 June 2019
Following the launch of three pilot HealthHUB stores in Houston earlier this year, CVS Health has announced plans to open up to 1,500 of these stores over the next three years. Creating a convenient healthcare destination The new HealthHUB format was developed following the retailer’s $69bn acquisition of Aetna, a leading healthcare insurance company. The business imagined an opportunity to...
01 May 2019
We review CVS Health’s first quarter performance, including the launch of its new HealthHUB format. Solid performance in CVS Pharmacy driven by prescription volumes First quarter revenues increased by 34.8% to $61.6bn, supported by the acquisition of Aetna. Net income for the quarter increased 43.0% to $1.4bn. Total retail/long term care revenues increased 3.3%, with front store same-store ...
05 April 2019
CVS Pharmacy is rolling-out a same-day delivery service on prescriptions nationwide. Providing more convenient healthcare solutions CVS Pharmacy has partnered with on-demand delivery provider, Shipt, to roll out a same-day delivery service on prescriptions at 6,000 locations nationwide. For $7.99, shoppers can receive their prescriptions the same day they're filled. Working with Target-owne...
22 February 2019
We review CVS Health’s fourth quarter performance and how its acquisition of Aetna enables it to develop an integrated healthcare model. Front store same-store sales up 0.5% Total Q4 revenue increased 12.5% to $54.4bn, supported by the acquisition of medical insurance company Aetna. For the full year, total revenue increased 5.3% to $194.6bn. Within the Retail/Long Term Care (LTC) segment, ...