CVS Corp. Reports Record Third Quarter Sales and Earnings; Comparable Diluted EPS Increased 25% to $0.25; Also Announces Accelerated New Store Program.

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CVS Corp. Reports Record Third Quarter Sales and Earnings; Comparable Diluted EPS Increased 25% to $0.25; Also Announces Accelerated New Store Program.

WOONSOCKET, R.I.--(BUSINESS WIRE)--Oct. 28, 1998--CVS Corporation (NYSE: CVS) today announced record sales and earnings for the third quarter ended September 26, 1998 and an accelerated new store development program.

Net sales for the third quarter of 1998 increased 11.9% to $3.7 billion from $3.3 billion during the prior year period. For the first nine months of 1998, net sales increased 9.4% to $11.1 billion from $10.1 billion during the prior year period. Same store sales rose 10.8% for the quarter and 10.0% for the year-...

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