Vaccinations and Covid-19 tests boosted revenue for CVS Health Corp. over the summer, fueling a larger quarterly profit and leading the drugstore and healthcare company to boost its full-year outlook.
Retail sales rose by 10% year over year in the three months through September, with Covid-19 vaccines and tests accounting for about 40% of the gain. Revenue also climbed in CVS’s health-insurance and pharmacy-services businesses as pharmacy claims grew, the company said Wednesday.
