CVS Health reported a 600% surge in the use of its retail health clinics via telehealth and a big jump in home prescription delivery as Americans sought easier access to healthcare services amid the spread of COVID-19
... [+]CVS Health reported a 600% surge in use of its retail health clinics via telehealth and a big jump in home prescription delivery as Americans sought easier access to healthcare services amid the spread of the coronavirus strain COVID-19.inside its CVS pharmacies and Target stores in 33 states and the District of Columbia, were big contributors to the company’s performance in the first quarter as cases of COVID-19 spread throughout the U.S.
The pandemic triggered a big uptick in customer prescription refills as well as ordering 90-day prescriptions, helping boost same store sales by 8%. CVS revenues rose 8% to nearly $67 billion in the first quarter of the year compared to the year-ago period. The company reported net income jumped 41% to $2 billion, or $1.91 per share compared to $1.4 billion, or $1.62 per share in the year-ago period.
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