CVS Caremark Corporate Profile
Financials
Current Annual Revenue
$184.77 billion
Current Gross Profit
$28.55 billion
Current Annual Net Income
$6.62 billion
2017 Fiscal Year
4.07%
Credit Rating
S&P Rated:
Investment Grade BBB (Long-Term)
A-2 (Short-Term)
CVS Caremark Corporate Profile
CVS Health (NYSE: CVS) is a health care retailer based in the United States. It operates over 7,000 pharmacy and drug stores, and was ranked 12 th on the Fortune 500 list in 2014. CVS Health consists of four divisions, which include CVS/pharmacy, CVS/caremark, CVS/specialty, and CVS/minuteclinic. CVS/pharmacy generates over 68% of CVS Health’s total revenue, with 9,709 retail stores in 49 states. CVS/caremark o ers prescription bene t management services to over 2,000 health plans, and generates a net revenue of ~$37 billion. CVS/minuteclinic is the largest walk-in medical clinic in America. It operates in 570 locations across 26 di erent 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.