said same-store sales rose 12% for January, and the drugstore chain posted fourth-quarter earnings that matched Wall Street's expectations.
For the four weeks ended Jan. 27, the drugstore chain posted total sales of $1.62 billion, up 14.4% from $1.42 billion in the same period one year ago. Pharmacy same-store sales rose 18.9% in January.
CVS, which is based in Woonsocket, R.I., said fourth-quarter earnings rose to $209.5 million, or 51 cents a share, from $186.3 million, or 46 cents a share, in the year-ago period. Sales for the quarter ended Dec. 30 rose 5.9% to $5.5 billion from $5.2 billion a year ago. According to
First Call/Thomson Financial
, analysts expected the company to earn 51 cents in the latest fourth quarter.
Shares of CVS fell $1.20, or 2.1%, to $56.50 in recent
New York Stock Exchange