Tuesday, May 8, 2007

CVS/Caremark posts higher profit

(Reuters) - CVS, based in Woonsocket, Rhode Island, said revenue jumped 32.1 percent to $13.18 billion. As previously reported, sales at stores open more than one year rose 7.5 percent.

CVS has been opening new stores, adding in-store clinics to some locations and beefing up its operations with two large acquisitions in the past year. It bought the Osco and Sav-on chains from Albertsons last year and bought Caremark in March.


Read more at Reuters.com Business News

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