CVS is planning to close 900 stores over the next three years, citing poor conditions and outdated layouts as reasons. However, it’s not clear why; many of the stores are reportedly old and in need of renovation. It seems like this is a good decision, given the store’s declining popularity. ..

It is all about the numbers

In 2020, the company made 268.7 billion dollars in revenue. This is a substantial improvement from 2019, when they made 256.8 billion dollars. However, it is a much more significant jump from 2018, when they made 194.5 billion dollars. Perhaps the pandemic had some impact? Who knows… ..

In 2006, they were making 43.8 billion dollars. That means that they have been growing steadily and consistently.

In 2020, the United States generated about 300 billion dollars from pharmacies and drug stores. Out of that, CVS Health got a slice of the pie of 90 billion, just short of Walgreens, which generated 117 billion dollars. ..

COVID -19

The company’s stock dropped by 4%, despite incrementing their revenue (follow the money). They also expect a drop of 40% to 50% of the tests that were being applied each year.

In 2021, because of the vaccines, tests, and the pandemic in general, their share even went up nearly 2% in January. Those days are going away.

CVS International?

CVS does not have stores outside of the United States. They do not deliver to any other countries besides the United States. ..

Walmart, Costco, and Walgreens all have pharmacies in other countries, but they don’t want to go into international waters because they fear that they may not be able to compete with the larger pharmacies that deliver internationally.

Pros and cons of buying at CVS

This is a chain of pharmacies that has many locations in the United States. This means that it is very likely that you will have one or two pharmacies close to you. This is convenient when you need to take medication every day. And CVS has good medicines and good service; they even have physicians. Hence, all you have to do is show up and have willpower. It is an intelligent way to stay healthy, no questions there.

They were very supportive during the COVID-19 crisis, putting their part in putting this crisis behind us.

The main downside to CVS is that they do not have pharmacies internationally. This means if you’re traveling abroad or to a place outside of the United States, you’ll have to find another pharmacy to get your medications. It’s not a huge downside, but it’s something to keep in mind since you might develop a more personal relationship with CVS. ..

Conclusion

CVS Health is a large company that is getting smaller for strategic reasons. Nevertheless, it is still a huge company with massive revenues and profits. It trails Walgreens in terms of market share but remains the largest pharmacy chain in the United States. ..

The company’s stock has been declining recently, so if you were looking to invest in it, we wouldn’t recommend it at this moment.

To order prescription drugs from a pharmacy, do you have to be registered? ..

You can order as a guest on their website, but the next time you order, you will have to fill in all of your data again.

You can order a new prescription and pick it up at the store by calling the pharmacy and asking for a prescription to be picked up.

You will need to show your prescription at the store. It is a straightforward process. ..