CVS Health Beats 2nd Quarter Expectations, Raises Full-Year Forecast
CVS Health Beats 2nd Quarter Expectations, Raises Full-Year Forecast
CVS Health Beats 2nd Quarter Expectations, , Raises Full-Year Forecast.
The company announced its second quarter earnings on Aug.
3.
CVS Health forecasts its earnings per share for the fiscal year to be between $8.40 and $8.60.
This estimate is improved from the company's prior forecast of $8.20 to $8.40.
The company reported more the $80.5 billion in revenue, up from its $76 billion expectations.
CVS's net income also surpassed expectations, increasing from $2.78 billion to $2.95 billion.
Across the board, CVS reported significantly healthier earnings than expected.
CEO Karen Lynch touted the company's current model strategy that is service, sales and customer-focused.
Our team is delivering meaningful progress on our strategy as weβre striving to become the nation's leading health solutions company, Karen Lynch, CVS CEO, via NBC News.
[CVS will] continue to build on this powerful momentum, Karen Lynch, CVS CEO, via NBC News.
As consumer behavior shifts with changes in the pandemic.
Analysts noted that CVS customers made more in-store purchases.
The company's loyalty program, CarePass, has seen a 26 percent increase since 2021.
While the number of COVID vaccinations administered at CVS has dropped significantly.
Lynch reported that the demand for COVID-focused antivirals continues to increase
