CVS Health has raised the midpoint of its earnings outlook for 2016 and reiterated its five-year steady state targets. The company now expects next year’s adjusted earnings per share to range from $5.73 to $5.88, reflecting solid year-over-year growth of 11.25% to 14.25%.
Drug chains were not immune to the shift in holiday shopping away from brick-and-mortar retailing, as sales growth barely exceeded 4%. That was down from last season’s 4.4% advance in holiday retail sales, and well off the 5.4% gain of five years ago. Same-store sales were up 1.
John Boehner, the former Speaker of the U.S. House of Representatives, will deliver the keynote address at the 2016 NACDS Annual Meeting. The National Association of Chain Drug Stores said that Boehner (R.
Republican opponents of President Obama’s health care law may do better by dismantling the Affordable Care Act piece by piece.
U.S. Department of Health and Human Services (HHS) Secretary Sylvia Burwell stopped at an H-E-B grocery store here, where she drew attention to the December 15 enrollment deadline for consumers who wanted their health insurance plans to become active on January 1.
Walmart has named a new chief marketing officer to take the place of the outgoing Stephen Quinn.
Although pharmacists scored high, nurses topped Gallup’s Honesty and Ethics of Professions rankings for 2015, a feat that they have accomplished every year but one since they were added to the list in 1999.
Walmart knows customers want to save not just money but also time. To meet that customer need, the retailer has introduced Walmart Pay — “a fast, easy and secure way for customers to pay with their smartphones in Walmart stores.
A bipartisan group of congressional representatives is urging that retail pharmacists play a part in a new initiative designed to improve the use of medication therapy management in Medicare.
Diplomat Pharmacy Inc. has been awarded full Specialty Pharmacy reaccreditation by URAC, a Washington, D.C.-based health care accrediting organization that establishes quality standards for the health care industry. Diplomat has been fully accredited for specialty pharmacy since 2012.
In many significant ways, the chain drug store business looks very different at the start of 2016 than it did a year ago.
Christmas is over, yesterday’s news. And the mass retailing community is scampering to assess its impact on sales, earnings and the future. For chain drug retailers, this holiday selling season, like so many before it, was acceptable, if hardly record-setting.
Executive Summary: The Winds of Change Are Blowing The CPG Industry Is Still Struggling to Find Growth: Across CPG channels and aisles, growth is still proving hard to come by even several years after the end of the Great Recession.
Rite Aid Corp. posted flat retail pharmacy sales results for December, despite an uptick in same-store sales at the front end. The drug chain said Thursday that for the four weeks ended Dec. 26, same-store sales dipped 0.1% year over year. That compared with comparable-store sales growth of 0.
Drug chains were not immune to the shift in holiday shopping away from brick-and-mortar retailing. Holiday retail sales growth barely exceeded 4%, down from last season’s 4.4% advance and well off the 5.
Pharmacists rank high in terms of public trust, but they fall short of being No. 1. Nurses topped Gallup’s Honesty and Ethics of Professions rankings for 2015, a feat that the profession has accomplished every year but one since it was added to the list in 1999. The exception is 2001, when
