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Cvs Financial Analysis

In: Business and Management

Submitted By fatima25
Words 1672
Pages 7
Fatima Naqvi
FIN403
FSAP

Company description:
In 1963, Stanley brothers, Sidney Goldstein and partner Ralph Hoagland started a store selling health and beauty products. The store was located in Massachusetts, and was called CVS for Consumer value stores. Since then it has become the second largest pharmacy chain with more than 7,600 stores all over United States. CVS is known for selling prescription drugs, general merchandise, seasonal merchandise, and convenience food all over the stores and online via CVS.com. The company also provides healthcare services located within CVS stores.
CVS is known for having a broad variety of products and one of the leading drugstore chains. It is also known to be the largest employer of pharmacists and nurse practitioners. Stores are very customer friendly and are easy to approach and shop. The company has strong brand equity. The website also hold a large variety as well as providing tips for using a product. CVS is one of the few companies to be loyal and strong about CSR (corporate social responsibility). Though the revenue is growing, CVS still seem to have instability in the growth of the stores. The different locations have had many cases of armed robberies and there are no efforts into putting more security. There are few cases of government regulations and lawsuits that the company has faced as well.
CVS has a lot of potential and has many opportunities to become bigger and better company. It could expand and improve their online retailing which could help stay strong. They could take the company worldwide and collaborate with global market. CVS could work on enhancing their health and beauty specialists’ retailers.
The company has many competitors such as Walmart, Target, and Other PBS Company that are at rise. Also, there are changes in federal legislation in regards to pharmaceuticals.

Management…...

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