CVS’ COVID-19 Response Gave Them Q1 Success

TB
Taylor Bagley
May 7, 2020
Business Casual COVID-19 CVS Daniel Litwin Podcast earnings essential business MarketScale Radio pharmacy Q1 quarter 1 Secure the Bag Taylor Bagley Podcast Walgreens
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Even with the pandemic, drugstore chain CVS had an sales-heavy Q1. Its same-store pharmacy sales went up 9.3%, and same-story front-of-store sales rose 8%. Prescription volume wasn’t immune to growth either, up by nearly 10%. Why, where as other drugstores are struggling, is CVS succeeding?

On this episode of Business Casual’s Secure The Bag, host Taylor Bagley lays out how CVS has reshaped its business during the pandemic to stay afloat and record successful Q1 sales. Bagley breaks down…

  • How an increase in customer’s 90-day prescription refills and shopping sprees gave the company an early boost
  • Why Walgreens isn’t feeling the same success
  • CVS’ role in drive-thru testing sites for COVID-19
  • Chief Executive Larry Merlo’s thoughts on what set CVS up for continued success

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