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Consumer Value Stores, or CVS, opened for the first time in 1964. 

1967CVS began operation of its first pharmacy stores in Warwick & Cumberland, RI.

1969CVS was acquired by retail holding company Melville Shoe Corporation.

1996Melville became CVS Corporation under a massive reorganization plan.

The chain shed all of its retail chains (40% of Melville's revenue) except for CVS.

2004CVS purchased Eckerd drug stores from J. C. Penney.

2014CVS announced that it would stop selling all tobacco products, forfeiting $1.5 billion a year.

2015CVS Health acquired Target's pharmacy and retail clinic businesses.

Consumer Value Stores, or CVS (CVS - Get Report) , opened for the first time in 1964.

Jump ahead to 2015, CVS Health acquired Target's pharmacy and retail clinic businesses.

CVS Health beat Wall Street's second-quarter earnings for 2019 and revenue expectations and raised its full-year forecast.

Here are some of the highlights from its latest earnings report:

  • Adjusted earnings for the three months ending in June 2019 came in at $1.89 per share, up 11.8% from the same period last year
  • Group revenues rose 35.2% from 2018 to $63.4 billion
  • Looking into 2019, CVS narrowed and raised its full-year earnings forecast to a range of $6.89 to $7.00 per share, up from a prior estimate of $6.75 to $6.90
  • Pharmacy Services revenues rose 4.2% to $34.8 billion
  • Retail sales rose 3.7% to $21.447 billion, even as same-store sale growth slowed to 3.8%
  • The group's healthcare benefits division saw sales surge from 764 million to $17.4 billion as it added Aetna's operations to its legacy business

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