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CVS Caremark Reports Record Results in Fourth Quarter and Year 2008
Date:2/19/2009

the Retail Pharmacy Segment's performance for the respective periods:

                                     Fiscal Quarter         Fiscal Year
                                         Ended(1)             Ended(1)
                                  December    December  December    December
    In millions                   31, 2008(4) 29, 2007  31, 2008(4) 29, 2007
    Net revenues                   $13,831.5 $11,638.5   $48,989.9 $45,086.5
    Gross profit                     4,204.0   3,449.3    14,740.4  13,110.6
      Gross profit % of net
       revenues                         30.4%     29.6%       30.1%     29.1%
    Operating expenses(2)            3,232.6   2,728.1    11,256.7  10,419.3
      Operating expense % of
       net revenues                     23.4%     23.4%       23.0%     23.1%
    Operating profit                   971.4     721.2     3,483.7   2,691.3
      Operating profit % of
       net revenues                      7.0%      6.2%        7.1%      6.0%
    Net revenue increase:
      Total                             18.8%      4.9%        8.7%     11.9%
      Pharmacy                          17.2%      4.7%        8.1%     10.9%
      Front Store                       22.4%      5.2%       10.1%     14.0%
    Same store sales increase(3):
      Total                              3.6%      3.4%        4.5%      5.3%
      Pharmacy                           4.5%      3.6%        4.8%      5.2%
      Front Store                        1.8%      2.9%        3.6%      5.3%
    Generic dispensing rates            68.0%     64.9%       67.4%     63.2%
    Pharmacy % of total revenues        65.8%     66.8%       67.5%     67.8%
    Third party % of pharmacy revenue   96.2%     95.3%       96.1%     95.3%
    Retail prescriptions filled        152.6     132.4       559.0     527.5

(1) On December 23, 2008, our Board of Directors approved a change in our fiscal year end from the
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SOURCE CVS Caremark Corporation
Copyright©2009 PR Newswire.
All rights reserved

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