Content about Express Scripts

August 7, 2012

CVS Caremark Corp. reported that profit for the quarter ended June 30 leaped 18.4% to a record $966 million from $816 million last year, boosted by the contractual impasse between rival Walgreens and Express Scripts.

Woonsocket, R.I. -- CVS Caremark Corp. reported Tuesday that profit for the quarter ended June 30 leaped 18.4% to a record $966 million from $816 million last year, boosted by the contractual impasse between rival Walgreens and Express Scripts.

Revenue for the quarter climbed 16.3% to $30.7 billion from $26.4 billion, missing Wall Street’s estimated $31.02 billion in revenue. Front-end same-store sales increased 2.3% for the quarter.

August 7, 2012

CVS Caremark Corp. reported that profit for the quarter ended June 30 leaped 18.4% to a record $966 million from $816 million last year, boosted by the contractual impasse between rival Walgreens and Express Scripts.

Woonsocket, R.I. -- CVS Caremark Corp. reported Tuesday that profit for the quarter ended June 30 leaped 18.4% to a record $966 million from $816 million last year, boosted by the contractual impasse between rival Walgreens and Express Scripts.

Revenue for the quarter climbed 16.3% to $30.7 billion from $26.4 billion, missing Wall Street’s estimated $31.02 billion in revenue. Front-end same-store sales increased 2.3% for the quarter.

August 3, 2012

Walgreen Co. said that its same-store sales fell 7% in July as its split with Express Scripts continued to hurt its top line.

Deerfield, Ill. -- Walgreen Co. said that its same-store sales fell 7% in July as its split with Express Scripts continued to hurt its top line. (The two companies last month reached an agreement to resume doing business, but that doesn't start until Sept. 15.)

The company's pharmacy same-store sales were down 9.7%, while front end sales fell 2.4%. The performance missed analyst expectations.
 

July 19, 2012

After months of slumping sales following its split with Express Scripts Holding Co., Walgreens said it has forged a new multi-year contract with the prescription provider and will begin filling Express Scripts prescriptions on Sept. 15.

Deerfield, Ill. -- After months of slumping sales following its split with Express Scripts Holding Co., Walgreens said it has forged a new multi-year contract with the prescription provider and will begin filling Express Scripts prescriptions on Sept. 15.

Walgreen had stopped filling prescriptions for Express Scripts after a contract between the companies ended last year. Express Scripts ended the contract because it said Walgreens wanted a premium compared to what Express Scripts paid other pharmacies.

June 4, 2012

Pharmacy benefits manager Express Scripts and Walgreens said they are ending a legal dispute.

Deerfield, Ill. -- Pharmacy benefits manager Express Scripts and Walgreens said Friday they are ending a legal dispute. However, the decision has no impact on their ability to agree to business terms.

Walgreens said last June that it would stop filling prescriptions for Express Scripts Holding Co. members when a contract between the companies expired. It said Express Scripts was not paying it enough money.

June 4, 2012

Pharmacy benefits manager Express Scripts and Walgreens said they are ending a legal dispute.

Deerfield, Ill. -- Pharmacy benefits manager Express Scripts and Walgreens said Friday they are ending a legal dispute. However, the decision has no impact on their ability to agree to business terms.

Walgreens said last June that it would stop filling prescriptions for Express Scripts Holding Co. members when a contract between the companies expired. It said Express Scripts was not paying it enough money.

May 3, 2012

Walgreen Co. said that same-store sales slipped a worse-than-expected 6.4% in April, largely due to its split with pharmacy benefits manager Express Scripts Inc.

New York -- Walgreen Co. said Thursday that same-store sales slipped a worse-than-expected 6.4% in April, largely due to its split with pharmacy benefits manager Express Scripts Inc.

For April, Walgreens’ same-store pharmacy sales were down 8.9%. Front-end sales fell 2.2%

At April 30, Walgreens operated 8,307 locations in all 50 states, the District of Columbia, Puerto Rico and Guam

March 27, 2012

Walgreens’ fiscal second-quarter earnings fell 7.7% due in part to its decision to leave the Express Scripts pharmacy network.

Deerfield, Ill. -- Walgreens’ fiscal second-quarter earnings fell 7.7% due in part to its decision to leave the Express Scripts pharmacy network. But its performance still topped analyst expectations. A mild flu and cough/cold season also cut into its performance.

The chain said its net income dropped to $683 million in the three months ended Feb. 29, 2012, compared with $739 million a year ago. Revenue rose 0.8% to $18.65 billion, from $18.5 billion a year earlier. Same-store prescriptions filled fell 4.9%. Revenue from the front-end was up 2.1%.

March 27, 2012

Walgreens’ fiscal second-quarter earnings fell 7.7% due in part to its decision to leave the Express Scripts pharmacy network.

Deerfield, Ill. -- Walgreens’ fiscal second-quarter earnings fell 7.7% due in part to its decision to leave the Express Scripts pharmacy network. But its performance still topped analyst expectations. A mild flu and cough/cold season also cut into its performance.

The chain said its net income dropped to $683 million in the three months ended Feb. 29, 2012, compared with $739 million a year ago. Revenue rose 0.8% to $18.65 billion, from $18.5 billion a year earlier. Same-store prescriptions filled fell 4.9%. Revenue from the front-end was up 2.1%.

March 5, 2012

Higher front-end sales for the month of February helped counter-balance lost revenue from Express Scripts prescriptions, Walgreeens reported Monday.

Deerfield, Ill. — Higher front-end sales for the month of February helped counter-balance lost revenue from Express Scripts prescriptions, Walgreeens reported Monday. Overall, the drug store chain reported a 1.5% sales increase to $5.9 billion.

Shares of Walgreens were up slightly by 8 cents to $32.77 in early morning trading.

December 21, 2011

Walgreen Co. reported that profit for the quarter ended Nov. 30 dropped 4.5% to $554 million, compared with $580 million in the year-ago period.

Deerfield, Ill. -- Walgreen Co. reported Wednesday that profit for the quarter ended Nov. 30 dropped 4.5% to $554 million, compared with $580 million in the year-ago period. The drugstore operator cited a slow flu season and the decision to leave Express Scripts pharmacy network among the reasons for the performance dip.

Revenue for the quarter climbed 4.7% to $18.16 billion – a chain sales record – but missed Wall Street’s forecasted $18.24 billion in revenue. Total same-store sales rose 2.5%; front-end comps increased 2.4%.

December 21, 2011

Walgreen Co. reported that profit for the quarter ended Nov. 30 dropped 4.5% to $554 million, compared with $580 million in the year-ago period.

Deerfield, Ill. -- Walgreen Co. reported Wednesday that profit for the quarter ended Nov. 30 dropped 4.5% to $554 million, compared with $580 million in the year-ago period. The drugstore operator cited a slow flu season and the decision to leave Express Scripts pharmacy network among the reasons for the performance dip.

Revenue for the quarter climbed 4.7% to $18.16 billion – a chain sales record – but missed Wall Street’s forecasted $18.24 billion in revenue. Total same-store sales rose 2.5%; front-end comps increased 2.4%.

June 21, 2011

Walgreen Co. said Tuesday it will terminate a $5.3 billion-per-year relationship with Express Scripts.

Deerfield, Ill. -- Walgreen Co. said Tuesday it will terminate a $5.3 billion-per-year relationship with Express Scripts.

Walgreen reported that contract negotiations with Express Scripts have failed, and it will stop participating in the St. Louis company's prescription plans starting Jan. 1. Express Scripts processes about 90 million prescriptions that will be filled at Walgreen stores in fiscal 2011, which will bring Walgreen about $5.3 billion in revenue.

June 21, 2011

Walgreen Co. said Tuesday it will terminate a $5.3 billion-per-year relationship with Express Scripts.

Deerfield, Ill. -- Walgreen Co. said Tuesday it will terminate a $5.3 billion-per-year relationship with Express Scripts.

Walgreen reported that contract negotiations with Express Scripts have failed, and it will stop participating in the St. Louis company's prescription plans starting Jan. 1. Express Scripts processes about 90 million prescriptions that will be filled at Walgreen stores in fiscal 2011, which will bring Walgreen about $5.3 billion in revenue.

October 26, 2010

Walgreens is looking to sell its pharmacy-benefits management business and has hired an adviser to...

October 24, 2010

A report released Monday by Bloomberg said that Walgreen Co. is seeking to sell its...

June 9, 2008

Walgreen Co. announced Tuesday it will acquire the home-infusion division of Louisville, Ky.-based Express Scripts....

June 9, 2008

Walgreen Co. announced Tuesday it will acquire the home-infusion division of Louisville, Ky.-based Express Scripts....