Instead of making up excuses, why can't you answer where the 1 Billion dollars went?
If CVS stores are too small, maybe they should make them bigger to compete with the BIG BOYS. Oh, I almost forgot, TOO MUCH DEBT!
OK, so CVS stores are smaller and they have fewer employees. So with THAT much less space to pay rent on, and with THAT much less payroll, shouldn't their bottom line percentage of sales be higher than Walgreens?
Let's take a look.
Wag net profit 3.5% of revenue.
CVS net profit 3.0% of revenue.
Doesn't look like much, but when you get to the bottom line, the difference between those numbers is HUGE! Where's the rest of CVS's net profit? Maybe if we can find the BILLION in lost sales, we can track down those missing profits as well.