CVS Health is Closing Dozens of Stores and Yours May Be One of Them

CVS Health announced this week that it plans to close 46 locations in the United States.
According to the company, these locations have been “underperforming.”

The move cost CVS about $135 million as a “store rationalization charge” in its first-quarter earnings
report. This many stores cut is less than 1% of the about 9,600 CVS Pharmacy stores nationwide.

CEO Larry Merlo told USA TODAY back in November that the company plans to reduce floor space dedicated to retail products and instead begin offering more health care services.

Here is the full list of store closures:

Here’s the list of most of the CVS locations that have closed:

Alabama

Huntsville: 3115 Bob Wallace Ave SW

Mobile: 664 Schillinger Rd S

Montgomery: 2815 Lower Wetumpka Rd

Arizona

Phoenix: 7434 W Indian School Rd

California

Antioch: 3130 Buchanan Rd

San Francisco: 1285 A Sutter St

San Francisco: 995 Market St

Sun Valley: 9375 San Fernando Rd

District of Columbia

Washington, DC: 1201 Maryland Ave SW

Delaware

Wilmington: 402 N Maryland Ave

Florida

Daytona Beach: 1350 Beville Rd

North Fort Myers: 13991 N Cleveland Ave

Ocala: 1607 S Pine Ave

Palm Beach Gardens: 3168 Northlake Blvd

Hawaii

Honolulu: 1441 Kapiolani Blvd. Suite 510

Honolulu: 1401 S Beretania St. Suite 110

Indiana

Gary: 3612 Village Court

Illinois

Chicago: 745 W 103rd St

Chicago: 175 W Jackson Blvd

Chicago: 1620 W 59th St

Chicago: 1550 N Kostner Ave

Lincolnwood: 7179 N Lincoln Ave

North Aurora: 1015 W. Orchard Rd.

South Barrington: 100 W Higgins Rd

New York

Staten Island: 812 Forest Ave

Michigan

Detroit: 10301 Woodward Ave.

Minnesota

Brooklyn Park: 7996 Brooklyn Blvd.

Minneapolis: 1110 Hennepin Ave.

Minneapolis: 2426 W. Broadway Ave.

Missouri

Springfield: 1735 South Glenstone Ave.

New Mexico

Albuquerque: 7105 Central Ave. NE

Texas

Brownsville: 1454 Central Blvd.

Copperas Cove: 1407 E W Hwy 190

El Paso: 2525 N. Mesa St.

Katy: 3080 S Fry Rd

Rio Grande City: 5322 E. US Highway 83

San Antonio: 7031 Marbach Rd.

Spring: 6945 Cypresswood Dr

Vermont

Derby: 4730 US Route 5

CVS Health recently reported financial results that exceeded analysts’ expectations. The company reported a 43% jump in earnings for the first quarter of 2019 which the company said was helped by its Aetna acquisition as well as increased volume and brand name drug price inflation in both the Pharmacy Services and Retail/LTC segments.

Net income climbed by 43% to $1.43 billion and earnings increased by 11% to $1.09 per share. Adjusted earnings rose by 9% to $1.62 per share.

Looking ahead to the second-quarter, CVS has called for adjusted earnings above consensus estimates while lifting its adjusted earnings outlook for the full year 2019.

Disclaimer: We have no position in CVS Health Corp (NYSE: CVS) and have not been compensated for this article.