CVS Caremark Corp. reported a 4.5 percent upswing in first-quarter profits on a 1.6 percent rise in revenues for the first quarter ended March 31, despite the impact of a weak flu season and severe weather in certain markets on the firm’s front-of-store and pharmacy same-store sales.
Net earnings reached $771 million, or 55 cents a diluted share, compared with $738 million, or 50 cents, in the year-ago quarter. The Woonsocket, R.I.-based drugstore chain noted that adjusted EPS from continuing operations attributable to the firm, which excludes $105 million of intangible asset amortization related to acquisition activity, were 60 cents for the quarter, compared with a consensus estimate of 58 cents among analysts polled by Yahoo Finance and a mark of 55 cents in the prior year.
Issa Rae stopped by WWD's NYC headquarters to talk about season two of "Insecure," which premieres this Sunday on HBO. Click link in bio for all the details. #wwdeye (📷: @jgreenery; Styled by @mayteallende)
A Stella McCartney sketch of a custom dress made from protein-based silk in partnership with biotech lab Bolt Threads. The dress will be displayed at The Museum of Modern Art's upcoming design exhibition, "Items: Is Fashion Modern?"