CVS Corporation May Same Store Sales Increase 9.1%

Business Wire, June 5, 2001

Business Editors

WOONSOCKET, R.I.--(BUSINESS WIRE)--June 5, 2001

CVS Corporation (NYSE: CVS) today announced that same store sales for the four weeks ended May 26, 2001 increased 9.1% over the prior year period, while pharmacy same store sales increased 14.0%.

Total sales for the four-week period ended May 26, 2001 increased 11.9% to $1.72 billion, compared to $1.54 billion in the prior year period. Total pharmacy sales represented 66.3% of total company sales in May.

Year-to-date, same store sales for the twenty-one week period ended May 26, 2001 increased 10.3% over the prior year period, while pharmacy same store sales increased 16.1%. Total sales for the twenty-one week period increased 12.9% to $8.78 billion, compared to $7.78 billion in 2000.

As of May 26, 2001, CVS operated 4,131 retail and specialty pharmacy stores in 31 states and the District of Columbia.

CVS is America's #1 pharmacy dispensing more retail prescriptions in more stores than any other retailer. With annual revenues exceeding $20 billion, CVS has created innovative approaches to serve the healthcare needs of all of our customers through its more than 4,100 CVS/pharmacy stores; CVS ProCare, its specialty pharmacy business; CVS.com, its online pharmacy; and Pharmacare, its pharmacy benefit management company. General information about CVS is available through the Investor Relations portion of the Company's website, at http://www.CVS.com.