With over 9,900 locations, CVS Health is the largest pharmacy in the United States. They are headquartered in Rhode Island. They have about 300,000 employees, out of which 40,000 are physicians, pharmacists, nurses, and more. The merger of CVS Pharmacy and Caremark Rx gave birth to CVS Health in 2007. Let’s know about CVS Statistics.
However, it is essential to mention that they intend to close 900 locations in the curse of the following three years. However, no specifics were given as to why; it appears that many stores are ancient, with inadequate lighting and depressing interiors. Hence, it is better to close them down, apparently. CVS Statistics – let’s know.
It is all about the numbers
In revenue, they made 268.7 billion dollars in 2020. A substantial improvement from 2019, in which they made 256.8 billion dollars. However, it is a much more significant jump from 2018, in which they made 194.5 billion dollars. Perhaps the pandemic had some impact? Who knows…
And, consider that back in 2006, they were making 43.8 billion dollars. That means that they have been growing steadily and consistently.
Please take a look at these numbers to understand better their recent revenue. In 2020, over 6.3 billion prescriptions were made across the United States. And CVS Health is responsible for 39% of all of those. In 2020, the United States generated about 300 billion dollars from pharmacies and drug stores. Out of that, in retail sales, CVS got a slice of the pie of 90 billion, just short of Walgreens, which generated 117 billion dollars.
COVID -19
Maybe we are leaving the pandemic behind. CVS Health said that they expect, this year, a drop of 70% to 60% of the vaccines that are distributed. And then the company’s stock dropped by 4%, despite incrementing their revenue (follow the money). They also expect a drop of 40% to 50% of the tests that were being applied each year. They got a boost from delivering their vaccine boost in the fourth trimester of last year (2021), an increase that represented 13% of more sales. They gave more than 20 million doses of the vaccine during this fourth trimester. And more than eight million covid tests. However, as they say, these numbers are excepted to plummet to the floor.
In 2021, because of the vaccines, tests, and the pandemic in general, their share even went up nearly 2% in January. Those days are going away.
CVS International?
Does CVS have stores outside the United States? No. They don’t. They do not deliver anywhere in the world except their mother country, the United States.
Other pharmacies deliver internationally, like Walmart, Costco, and even Walgreens, their biggest competitors. However, they do not want to go into international waters for whatever reason.
Pros and cons of buying at CVS
This is the biggest chain of pharmacies in the United States with many locations. Meaning that it is very likely that you will have one or two pharmacies close to you. This is very convenient when you need to take medication every day. And CVS has good medicines and good service; they even have physicians. Hence, all you have to do is show up and have willpower. It is an intelligent way to stay healthy, no questions there.
They were also very supportive during the COVID-19 crisis, putting their part in putting this crisis behind us.
The cons are that they do not have pharmacies internationally. Meaning if you go on a trip overseas or to whatever place you like outside the United States, you will have to find another way to get your medicines. It might not be the biggest con; there are pharmacies worldwide; it is a slight disadvantage that you should consider because you might grow a more personal relationship with CVS.
Conclusion
CVS Health is a vast company that, surprisingly, is getting smaller for strategic reasons. Nevertheless, they are still huge, massive. They only trail Walgreens.
If you were on the wave of the vaccine’s delivery and millions of COVID tests sold, you probably made some money with them. However, now, their stock doesn’t promise to go higher in the forthcoming future. Therefore, if you were looking to invest in this company, we wouldn’t suggest it at this moment. Thus briefly we know about CVS Statistics.
FAQ
To order to my house from the pharmacy, do I have to be registered?
No, you don’t. You can order as a guest. On their webpage, click on the skip button and continue as a guest. If you register, the next time you order will be quicker. However, the next time you order, you will have to fill in all of your data again, as they will not save it.
How can I order a new prescription and pick it up at the store?
You will have to show your prescription at the store. It is straightforward.
