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

(Unaudited)

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13 Weeks Ended 26 Weeks Ended(1)

In millions, except per share June 28, June 30, June 28, June 30,

amounts 2008 2007 2008 2007

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Net revenues $21,140.3 $20,703.3 $42,466.3 $33,891.9

Cost of revenues 16,767.1 16,544.8 33,800.1 26,430.2

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Gross profit 4,373.2 4,158.5 8,666.2 7,461.7

Operating expenses 2,895.1 2,848.7 5,818.0 5,415.4

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Operating profit 1,478.1 1,309.8 2,848.2 2,046.3

Interest expense, net 114.7 105.9 245.6 169.8

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Earnings from continuing

operations before income tax

provision 1,363.4 1,203.9 2,602.6 1,876.5

Income tax provision 539.9 480.3 1,030.6 744.0

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Earnings from continuing

operations 823.5 723.6 1,572.0 1,132.5

Loss from discontinued operations,

net of income tax benefit(2) (48.7) -- (48.7) --

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Net earnings 774.8 723.6 1,523.3 1,132.5

Preference dividends, net of

income tax benefit 3.6 3.5 7.1 7.0

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SOURCE CVS Caremark Corporation
Copyright©2008 PR Newswire.
All rights reserved

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