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CVS Caremark Corporate Profile

CVS Caremark Corporate Profile

CVS Pharmacy S&P Rated: Investment Grade BBB+

Current Annual Revenue: $126.76 billion
Current Gross Profit: $23.78 billion
Current Annual Net Income: $4.59 billion
2013 Fiscal Yr. Revenue Growth: 2.95%

CVS Caremark Corporation (NYSE: CVS) is a health care retailer based in the United States. It operates over 7,000 pharmacy and drug stores, and was ranked 13th on the Fortune 500 list in 2013. CVS Caremark consists of three divisions, which include CVS/pharmacy, Caremark Pharmacy Services, and MinuteClinic. CVS/pharmacy generates over 68% of CVS Caremark’s total revenue, with 7,458 retail pharmacy locations across 42 different states. CVS Caremark Pharmacy Services offers prescription benefit management services to over 2,000 health plans, and generates a net revenue of ~$37 billion. MinuteClinic is the largest walk-in medical clinic in America. It operates in 570 locations across 26 different jurisdictions. CVS carries many of its own products, branded under CVS, Just the Basics, Essence of Beauty, Gold Emblem, Absolutely Divine, Blade, Earth Essentials, Caliber, and Life Fitness. It is also party to exclusive distribution contracts with Nuprin, Christophe, PreVentin- AT, 24/7, Skin Effects, and Lumene. CVS has achieved much of its growth through acquisition of other companies, including Clinton Drug and Discount Stores, Mack Drug, Peoples Drug, Revco, Eckerd, and Longs Drug Stores.

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