Kmart parent company Sears Holdings Corp. is expecting to announce some rare good news about profits thanks to a real estate spinoff when it reports its second quarter results on Aug. 20. But the news will be tempered by dismal sales results.
McKesson on Thursday reported increased revenues for the first quarter, which ended June 30. At $47.5 billion, revenues were up 9%, compared with $43.5 billion a year ago. First-quarter earnings per diluted share from continuing operations was $2.50 compared with $1.76 a year ago.
AmerisourceBergen Corp. reported Thursday that revenue rose 12.8% to $34.2 billion for its third quarter of fiscal 2015, partially due to the onboarding of the new Walgreens Boots Alliance generic pharmaceuticals business and the solid organic sales growth in its independent pharmacy business.
CVS Health delivered a solid fourth quarter and strong financial performance in 2014 and, according to CVS Health executives, further demonstrated that its unique business model is winning in the marketplace.
How is CVS Health planning to replace the loss of $2 billion in tobacco sales? By driving core front-end businesses and improving the shopping experience. In fact, CVS/pharmacy has big plans for health and beauty, Helena Foulkes, EVP and president of CVS/pharmacy, told analysts during the company’s Annual Analyst Day on Dec. 16.
Declaring that it is positioned for today and preparing for tomorrow, CVS Health outlined the steps the company is taking to continue to meet the changing needs of payors, providers and customers at its annual Analyst Day in New York City on Tuesday.
Kroger on Thursday reported identical supermarket sales growth, without fuel, of 5.6% in the third quarter of fiscal year 2014, marking the 44th consecutive quarter of positive identical supermarket sales growth, excluding fuel.
Tailwinds from specialty pharmacy and increased generic utilization lifted CVS Health up on Tuesday, as the company posted net revenues of $35 billion, representing an increase of 9.7% for the three months ended Sept. 30.