| Business Summary | | CVS
Corporation
is
principally
engaged
in
the
retail
drugstore
business.
As
of
December
30,
2000,
the
Company
operated
4,133
retail
and
specialty
pharmacy
drugstores
and
various
mail-order
facilities
located
in
31
states
and
the
District
of
Columbia.
During
2000,
the
Company
dispensed
300
million
prescriptions.
The
Company's
operations
are
grouped
into
four
businesses,
Retail
Pharmacy,
Pharmacy
Benefit
Management,
Specialty
Pharmacy
and
Internet
Pharmacy. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | CVS
is
a
drugstore
chain
specializing
in
prescription
drugs,
over-the-counter
drugs,
photofinishing
services
and
film,
greeting
cards,
beauty
and
cosmetics,
convenience
foods
and
seasonal
merchandise.
For
the
26
weeks
ended
6/30/01,
net
sales
increased
12%
to
$10.88
billion.
Net
income
applicable
to
Common
increased
11%
to
$412.3
million.
Revenues
benefited
from
increased
same
store
sales
and
growth
in
pharmacy
sales.
Earnings
were
partially
offset
by
higher
operating
expenses. | More
from
Market Guide: Significant
Developments |
| | | | FY2000
Compensation | | Pay | Exer | |
| Thomas Ryan, 48 Chairman,
Pres, CEO | $9.3M | $8.0M | David Rickard, 54 CFO,
Exec. VP of the Company and CVS Pharmacy | 3.5M | -- | Larry Zigerelli, 42 Exec.
VP, Marketing | 3.9M | -- | Larry Merlo, 45 Exec.
VP--Stores | 3.9M | 1.5M | Larry Solberg, 53 Sr.
VP-Fin., Controller | -- | -- | Dollar
amounts are as of 31-Dec-2000 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.; "Exer" is the value of options excercised during the fiscal year. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|