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CVS first major drug store to end tobacco sales

#78

Quote: 

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.
 

I wonder what the revenue is on a pack of cigarettes.

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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 UCF Knight - 02-06-2014, 03:46 PM



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