CVS announced today that due to the success of their previous quarter, that used four more days than last year's time period, they will use a 45 day month to compare their monthly results this year to last year's four week or 30 day month. A company spokesman said "we should have thought of this years ago since now can guarantee GREAT results every month using our new formula" and called this "just another breakthrough for CVS". Wall Street was ecstatic!
CVS had already told everyone how they were accounting the year end dates already and the forecast had taken this into account. I am not sure exactly what more you have asked of them? The numbers were clearly good and the street saw that. If you think the numbers were not good, then you are either ignorant of how this works or do not accept reality? These are tough times and for CVS to post the numbers they did was amazing. The guidance for the future looked to be in good shape as well. jmo