CVS Health Corp.
posted higher revenue in the holiday quarter, lifted by the more than 20 million Covid-19 vaccines it administered in the period.
With a boost from the vaccinations and the over 8 million Covid-19 tests CVS administered in the quarter, same-store sales grew by 13.4% from a year earlier, when the vaccines were just being authorized.
Both CVS and rival
have played prominent roles in the U.S. effort to distribute Covid-19 vaccines across the country. The drug-store chains have also been key to the federal effort to make available rapid, at-home Covid-19 tests, which were outstripped by demand in the latest quarter as Americans sought to get tested around the holidays.
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