The Traderszone Network

Published in TZ Latest News 2 August, 2016 by The TZ Newswire Staff

CVS Misses The Street’s Expectations Due To Falling Foot Traffic

Though general pharmacy sales were on the incline, general store traffic fell in Q2 for CVS, meaning that the retailer’s growth missed analyst expectations when earnings were announced this morning. Sales were up 2.1 percent, a slight miss on the 2.5 percent forecast ahead of earnings. It was also well below the 4.2 percent increases CVS logged during Q1 2016.

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