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CVS reports gains from ESI-Walgreens feud
WOONSOCKET, R.I. — CVS Caremark recorded strong financial results for the fourth quarter and full year, and made solid progress across the enterprise during 2011, which set the stage for future growth. However, it was the potential benefit that CVS Caremark is seeing from Walgreens’ battle with Express Scripts that was top of mind for many and was a key question that president and CEO Larry Merlo hit head on at the top of Wednesday morning’s conference call.
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Stater Bros. reports Q1
SAN BERNARDINO, Calif. — Stater Bros. reported its first-quarter sales for fiscal year 2012 on Tuesday.
First-quarter sales rose 6.86% to $960.7 million, compared with the year-ago period, while same-store sales also increased 6.86% to $61.7 million. The company also reported net income for the 13-week first quarter ended Dec. 25 totaled $9 million, compared with net income of $2.8 million during the 13-week first quarter ended Dec. 26, 2010.