Cvs vs. Walgreens

Part IIntroduction and Financial Analysis Both CVS mickle and Walgreen Company lock retail drug stores in the unify States. In addition to having pharmacies and selling prescription and non-prescription drugs both retailers as well as sell commonplace merchandise. This includes items like beauty and cosmetic products, contrivance foods, household items and film & photofinishing services. Walgreens is the more established and older of the both companies. It was founded in 1901 and until recently it added stores from mostly internal organic growth. CVS is the newer social club and started in 1963. The majority of growth at CVS has come from acquisitions of another(prenominal) 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 oer 5,200 retail outlets each. The major income statement changes for Walgreens the past two eld are in the quest areas. Net sales increase nearly $5 one million million dollars from $37.5 one million million in 2004FY to $42.2 cardinal in 2005FY while net income increased from $1.35 billion to $1.56 billion within the same period. It should be noted from Walgreens income statements the cost of sales increased 11% from $27.31 billion (2004FY) to $30.41 billion (2005FY).

Selling general & administrative expenses rose from $8.06 billion in 2004FY to $9.36 billion in 2005FY. On their balance sheet Walgreens showed an increase of additions in the following areas. Net property and equipment went from $5.45 billion in 2004FY to $6.17 billion in 2005FY a 13% jump. Inventories had an even greater percentage move going from $4.74 billion to $5.59 billion over the two monetary years or an 18% increase. Accounts receivable increased by more than $200 million or 19% $1.17 billion in 2004 to $1.40 billion in 2005. A noticeable asset declining was short-term investments; it went down by 60% from $1.25 billion in 2004FY to $495 million in 2005FY. In the... If you want to get a full essay, order it on our website: Orderessay

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