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CVS Narrows 2015 Forecast as Retail Sales Growth Slows

CVS Health Corp. narrowed its full-year earnings forecast after the pharmacy company’s retail sales growth slowed in the second quarter. Adjusted profit will reach $5.11 to $5.18 a share, compared with a previous forecast of $5.08 to $5.19 a share, CVS sa
Bloomberg News
added Aug 4, 2015 21:46

CVS shares fall on slowing retail sales growth

Shares of CVS Health (CVS) fell in Tuesday trading after the U.S. drugstore chain reported better-than-expected earnings but said retail sales growth slowed in the second quarter. The decline came after the Woonsocket, R.I.-based company also issued ear
USA Today
added Aug 4, 2015 21:45

CVS Health Posts Earnings Beat in Q2, Narrows Guidance - Analyst Blog

CVS Health exited the second quarter on a better-than-expected note. This, along with the company's decision to reduce the current year's share repurchases by $1 billion due to acquisitions, led CVS Health to narrow its earlier-provided guidance for full
added Aug 4, 2015 21:44

CVS: A Prescription For Growth

The story of the next few quarters is how the company performs ahead of the big acquisitions it is making. My opinion is that the stock continues to move higher in 2015, provided it keeps delivering strong results like the present report.
Seeking Alpha blog network
added Aug 4, 2015 21:41

[North Carolina] Business Court judge dismisses trust suit vs. Reynolds, BAT

judge dismissed a shareholder lawsuit Tuesday that was filed by the Beatrice Corwin Living Irrevocable Trust. The lawsuit sought to block Reynolds American Inc.'s $29.25 billion purchase of Lorillard Inc., which closed June 12. The trust claimed in it
Winston-Salem (NC) Journal
added Aug 4, 2015 20:47
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CVS earnings rise despite no tobacco fix

Pricey specialty drugs helped CVS Health cope with tobacco withdrawal and top analyst expectations in the second quarter. But the nation's second-largest drugstore chain also narrowed its full-year earnings outlook and issued a third-quarter forecast tha
AP - Associated Press
added Aug 4, 2015 20:42

CVS banned tobacco. Now its sales are hurting

Now CVS is detailing just how much the tobacco ban is impacting the company. While prescription sales continue to rise, general merchandise sales tumbled nearly 8% last quarter on a same-store basis. CVS blamed the slump on the tobacco ban. The company
WCVB-Ch. 5 (Boston, MA)
added Aug 4, 2015 20:39

Universal Corporation Announces Quarterly Dividends

the Company's Board of Directors declared a quarterly dividend of fifty-two cents ($0.52) per share on the common shares of the Company, payable November 9, 2015, to common shareholders of record at the close of business on October 13, 2015.
PR Newswire
added Aug 4, 2015 17:40

REID: What corporate America can learn from CVS Health's anti-tobacco campaign

For CVS, being the first retailer to stop carrying cigarettes was a huge risk. But Foulkes said the decision has acted as a “catalyst” for the company’s transformation as a healthcare organization. So far, the company’s gamble seems to be paying off.
Fortune Magazine
added Aug 4, 2015 11:30

The Extraordinary Story of America’s Most Successful Industry You'll never guess what it was.

Credit Suisse published a report this week on the performance of every major American industry from 1900 to 2010. ... One dollar invested in tobacco stocks in 1900 was worth $6.3 million by 2010. That's 165 times greater than the average industry.
Motley Fool
added Aug 3, 2015 20:02
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