西维斯健康CVS Health（CVS） 1999年年度报告「NYSE」.pdf

1、1999 Annual Report|CVS CorporationTotal healthcare solutions for the way we live.1999-Another Outstanding Year Our total sales climbed 18.5 percent to$18.1 billion.Same-store salesincreased 12.5 percent,whilepharmacy same-store sales rose 19.4 percent.CVS once again filled moreprescriptions than any

2、 other retailer in America,dispensing a record 281million prescriptions.We opened a record 433 new andrelocated CVS/pharmacy stores,and12 CVS ProCare stores.We aggressively launched our specialtypharmacy business,CVS ProCare,inthis$14 billion fast-growing segmentof the pharmacy market.The first majo

3、r“clicks and mortar”pharmacy in America was createdwhen we purchased S andrebranded it CVS.com.We continued to improve our return on invested capital with inventoryturns increasing to 4.0 x per year.CVS has the#1 market share in 30 ofthe top 100 U.S.drugstore markets-more than any other drugstore ch

4、ain.CVS cared for 2.5 million customersper day in 1999.Financial HighlightsIn millions,except per share19991998%ChangeSales$18,098.3$15,273.618.5Operating profit*1,135.5940.520.7Net earnings*635.1510.124.5Diluted earnings per common share*1.551.2623.0Sales(In Billions)Operating Profit*(In Millions)9

5、998979695$18.1$15.3$13.7$11.8$10.59998979695$1,135.5$940.5$779.1$604.7$486.8Five-year compounded annual growth rate 13.8%Five-year compounded annual growth rate 22.2%Earnings fromContinuing Operations*(In Millions)Earnings Per Common Share fromContinuing Operations*(Diluted)9998979695$635.1$510.1$41

6、9.2$306.8$210.29998979695$1.55$1.26$1.05$0.78$0.53Five-year compounded annual growth rate 27.9%Five-year compounded annual growth rate 27.0%*Excludes the effect of the merger,restructuring and other nonrecurring charges that were recorded in 1998,1997,1996 and 1995.See page 41 for further informatio