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CVS Caremark Reports Record Second Quarter Revenues, Operating Profit, and Earnings
Date:7/31/2008

p>

Same store sales

increase:(2)

Total 3.1% 5.7% 3.5% 6.5%

Pharmacy 3.7% 5.7% 3.7% 6.7%

Front Store 1.8% 5.9% 3.1% 6.2%

Generic dispensing

rates 67.0% 62.4% 66.8% 62.1%

Pharmacy % of total

revenues 67.8% 67.6% 68.0% 68.1%

Third party % of

pharmacy revenue 95.8% 95.0% 95.8% 95.1%

Retail prescriptions

filled 134.6 130.7 274.1 264.7

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(1) Operating expenses include merger and integration costs associated with the Caremark Merger of $0.6 million and $6.2 million for the thirteen weeks ended June 28, 2008 and June 30, 2007, respectively. Operating expenses include merger and integration costs associated with the Caremark Merger of $1.0 million and $10.7 million for the twenty-six weeks ended June 28, 2008 and June 30, 2007, respectively.

(2) On June 2, 2006, we acquired certain assets and assumed certain liabilities from Albertson's, Inc. for $4.0 billion. The assets acquired and the liabilities assumed included approximately 700 standalone drugstores and a distribution center located in La Habra, California (collectively, the "Standalone Drug Business"). During the thirteen and twenty-six weeks ended June 30, 2007, total net revenues were significantly affected by the acquisition of the Standalone Drug Business, which increased total net revenues by approximately 8.1% and 11.0% respectively. The sales results of the Standalone Drug Business were not included in same store sales revenue until July 1, 2007.

Supplemental Information

Preliminary and Unaudited

Pharmacy Services
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SOURCE CVS Caremark Corporation
Copyright©2008 PR Newswire.
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