CVS Health's number of stores 2005-2023

This statistic depicts CVS Health's number of stores from 2005 to 2023. The CVS Health Corporation is a U.S. drug retailing company, with three major segments: Pharmacy Services, Retail/LTC, and Corporate. CVS Health is headquartered in Woonsocket, Rhode Island. As of the end of 2023, the company had a total of 9,395 stores. In 2014, the company changed its name from CVS Caremark to CVS Health. 

CVS Health key facts

CVS Health has increased its number of stores in the last decade from 5,474 stores in 2005 to 9674 stores at the end of 2022. The company’s revenue has also steadily increased from 37 billion U.S. dollars in 2005 to approximately 322 billion U.S. dollars in 2022. Almost 40 percent of the company’s revenue are generated from its pharmacy services while the rest is generated from its retail/LTC segment. The company has three main segments including Pharmacy Services, Retail/LTC, and Corporate. For example, CVS/Caremark is a pharmacy benefit management company, providing services to corporate, insurance, and other health plans. CVS was also considered the leading drugstore by consumer loyalty score in the fourth quarter of 2021, with its stores located in over 40 states. CVS Health spent roughly 523 million U.S. dollars in advertising in 2021.

CVS Health originated when it was first established in 1979 in Irvine, California under the name “Caremark”. Recently, in September 3, 2014, the company changed its corporate name to CVS Health. Once CVS stood for Consumer Value Stores, but former CEO, Thomas Ryan, stated that he believed it now stood for, “Convenience, Value, and Service”. Additionally, the company holds several exclusive private labels at its stores, such as Just the Basics and Earth Essentials.