When CVS Health made the bold decision to remove tobacco from store shelves, everyone wondered how the decision would affect overall sales. Well in 2015, CVS Health racked up over $153 billion in total sales and is expected to surpass $181 billion this year. This represents double-digit growth, which is impressive for a company as large as CVS health.
This growth has moved CVS Health to 7th on the Fortune 500 list, up from number 10 last year. They also continue to promote themselves as a healthcare company by adding healthier food options to stores while improving their beauty selection to stay competitive with their competitors.
The numbers game
With the recent release of Q1 financial documents, it’s amazing to see just how big CVS health has become. Here are some interesting numbers on CVS Health:
- 9,600: Number of stores currently operating. This includes CVS Pharmacy’s now in Target locations.
- 1,136: MinuteClinic locations. MinuteClinics are quick service, walk-in type clinics inside CVS Pharmacy. These convenient clinics are gaining in popularity – MinuteClinic revenue jumped 17.7% from last year.
- 240,000: The workforce. Headquartered in Woonsocket, RI, CVS Health is one of the largest employers in Rhode Island. They also retained 98% of employees in the Target acquisition.
- 19 million: Number of customers that receive text alerts for appointments and prescriptions.
- 1 million: Patients enrolled in ScriptSync, which allows patients to pick up multiple monthly refills at the same time, eliminating multiple trips to the store.
- 21.9%: Front store sales from CVS Health store-brand products.
Click here for more stats, including shareholder information, from The Motley Fool
A long-awaited announcement
One final (final for this post, at least) exciting announcement, CVS Pharmacy will be launching digital receipts as an option for all ExtraCare card members. This option has begun rolling out and will soon be available in 7,900 retail locations. ExtraCare members can still choose to receive a paper receipt with their purchases, but those who wish to have them digitally can complete a simple, one-time opt-in process. CVS Pharmacy President, Helena Foulkes announced, “We are excited to roll out the much-anticipated launch of digital receipts. We heard loud and clear that while our customers love receiving coupons and special offers, many wanted a paperless option, this feature lets our customers continue to make personalized choices as to how they engage with us, and will let our members choose to say ‘So long!’ to the long paper receipts at check-out.”
This announcement was featured in an exciting surprise visit from Helena on the Jimmy Kimmel show.