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CVS Caremark 2002 Annual Report
The 2002 CVS Corporation Annual Report summarizes the company's financial performance and strategic initiatives. Key points include: 1) CVS saw record sales of $24.2 billion in 2002, an 8.7% increase over 2001, and same store sales grew 8.4% while pharmacy same store sales grew 11.7%. 2) CVS opened 266 new stores in 2002, including 78 in new markets, as part of its strategy to capitalize on pharmacy growth opportunities in expanding markets. 3) CVS remains focused on making shopping easy for customers through convenient locations, prescription renewal options, and its ExtraCare loyalty program with 33 million members.
