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CVS first major drug store to end tobacco sales

#75

 
Quote:Well CVS is losing 2 billion dollars profit.  To call that half-hearted is a bit ridiculous.  That's a lot of money. Even for a corporation.
It's an understandable mistake, but it's 2 bil in rev not profit.

 CVS (common stock) is made up of two combined companies CVS (retail drugstores) and Caremark (a pharmacy benefits manager). In 2013, about $76 bil in REV came from Caremark w/ $65.5 bil from the retail drugstores. The retail drugstores will lose $2Bil in REVENUE not profit. Actually,the estimate is 1.5 bil in lost tobacco sales and .5 bil in lost ancillary sales (food items, lipstick...)to tobacco buyers.
Kaishakunin for hire.

* (disclaimer) If you think I'm serious, hit yourself in the face w/ a hammer.

 
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CVS first major drug store to end tobacco sales - by Guest - 02-05-2014, 11:55 AM
CVS first major drug store to end tobacco sales - by KlrJgFn - 02-06-2014, 03:38 PM



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