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It was founded in 1901 and until recently it added stores from mostly internal organic growth. CVS is the newer company and started in 1963. The majority of growth at CVS has come from acquisitions of other companies like Revco, Arbor Drug, Eckerd and more recently Sav-On and Osco Drug Stores. Walgreens and CVS operate more than 5,000 chain stores each throughout the United States over 5,200 retail outlets each.
The major income statement changes for Walgreens the past two years are in the following areas. Net sales increased nearly $5 billion dollars from $37.5 billion in 2004FY to $42.2 billion in 2005FY while net income increased from $1...
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