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Industry: Email Alert RSS FeedCVS reaffirms earnings guidance for fiscal 2008
MMR, Jan 12, 2009
CVS REAFFIRMS EARNINGS GUIDANCE FOR FISCAL 2008: In spite of declining consumer purchasing, CVS Caremark Corp. has confirmed the full-year earnings guidance it issued on October 30. The company expects diluted, adjusted earnings per share of $2.42 to $2.47, including the impact of its acquisition of Longs Drug Stores Corp.
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"Our total same-store sales for October grew 4.3%, and in November were up 6.1%;' said chairman, president and chief executive officer Tom Ryan in a statement. "It appears that December's comparable-store sales will be well short of those levels. Nevertheless, through careful margin and cost management, we expect to be able to deliver results within our previously announced earnings range for 2008?
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