CVS raises forecast as COVID shots, tests offset weak flu se

CVS raises forecast as COVID shots, tests offset weak flu season


CVS raises forecast as COVID shots, tests offset weak flu season
Angelica LaVito, Bloomberg News
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CVS Health Corp. raised its full-year forecast as COVID-19 vaccines and testing helped boost first-quarter results and offset a weak cold and flu season.
The health-care company gave 17 million COVID shots at long-term care facilities and at its pharmacies through April. CVS is now immunizing in about 8,300 locations in 49 states, Chief Executive Officer Karen Lynch said Tuesday on a call with analysts.
With about 9,900 locations nationwide, CVS has administered some 23 million virus tests, including 9 million in the first quarter. Company executives said vaccines and testing are already attracting foot traffic, pointing to a statistic that about 9 per cent of new customers who received a test through CVS filled a new prescription with the pharmacy.

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