Retail News

COVID-19 vaccines to help drive pharmacy profits

Fortune 03/26/2021

The federal government pays CVS, Rite Aid, Walgreens, Walmart and other pharmacies $40 for each COVID-19 vaccine they administer, and the retailers do not have to pay for the inventory. CVS is expecting to reap profits between $400 million and $500 million this year for vaccines and testing done for the virus.

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