Thread regarding CVS layoffs

I wish I could get you to read between the lines and look through the Shareholder Summary. 23% of FS net revenue is not generating 50% of retail segment profits. You are delusional if you believe this. The majority of retail costs are associated with operating the front store. Half of the infrastructure for retail pharmacy is 3rd partied out now. They could move warehouse d--g operations overnight and pay Cardinal to do this.

Front Store would need to make a major investment to keep competitive in the marketplace with larger retailers such as Amazon and Walmart.

The company clearly decided to go in another way when they bought Aetna and began speaking of the stores of the future.

CVS Retail is just a part of CVS Health. Retail pharmacy may not generate gangbusters front end profit, but we cascade revenue on the backend through PBM channel with rebates and adherence ratings for increased revenues.

My patient care is the single most important metric and business matter for Retail channel. Adherence rates can swing reimbursement rates 100's millions of dollars each year.

There is no breakdown of expenses between RX and FS here at the link. The REVENUE is BEFORE any expenses factored in. Pharmacy expenses far outweigh FS expenses. While the RX will of course bring in a higher profit in terms of dollars, don't post the first article you see on a google search and act like you know all the company financials.

Look at the PL for the company....Pharmacy is 77% of the retail net revenue.

That is not a P&L.

You realize its not the in store sales, its the entire retail operation, after you factor in expenses outside of stores, Warehouse, Logistics, Support etc...FS isnt the money maker you think it is. Look at the PL for the company....Pharmacy is 77% of the retail net revenue.

http://investors.cvshealth.com/results-center/quarterly-highlights/retail

Pharmacy net revenues is almost 4x what FS brings in. They can eliminate that whole operation and bring in health care clinics that will make as much without all the overhead and support needed to go into it.

Heres the breakdown pharmacy sales 76% of the store, pharmacy profit minus expenses aka payroll equals 54% of the P&L. So basically while the pharmacy dollars in sales are there, the profit from those sales arent. This is why fs and rx needs to work together bc to be honest its nearly equal in profit after expenses aka payroll. Fs isn't going anywhere bc it is a money maker.

I'm seeing a lot of dumb posts from alleged pharmacy members. The store manager's priorities are based on what corporate wants. Store managers don't want to do planograms or price changes. It's what corporate wants. They have to do them or they will lose their job. Also if you think that's all they do, you have no clue what's going on. Some of the tasks store managers do may not be more functional than helping pharmacy, but that's the way corporate set it up. You should be b--ching about corporate instead of blaming the front store. Good luck running the front store if all store managers get fired. I'm sure that will go very well based on the ignorant comments I've seen here. I understand why you're mad, but you are blaming the wrong people.

You’re just a b--ch, b--ch

Please don’t categorize all managers the same. I am a store manager who spends about 15 hours in the pharmacy. I know how to do RTS, cycle counts, the wholesale order, drop off, production and register. I understand all the We Care metrics and My Patient care numbers. I make PCQ calls. In my district every single store manager has their technician license. While doing the pharmacy I also make sure every single micromanaging time wasting thing that corporate wants us to do is finished. I was taught long ago that we are one door one store and have brought that mentality into my staff. Yes there are managers who are worthless and are nothing but office pirates and delegators and will be in trouble in the future and would definitely sink if they actually had to work in the pharmacy. If it’s not too much to ask please be a little more respectful for those who do care and understand what the pharmacy staff has to go through we aren’t all the same.

I went to pharmacy school. They taught me how to count things. Now I’m important 😂

Already in the northeast buddy...where your patient care numbers s---, your shrink s---s, your inventory loss and waiting bin s---s, and you guessed it, your tech retention s---s. You may make the company billions, but you also cause a ton of controlable loss because of your inability to manage. Learn how to manage a p&l before you declare your worth. BTW don’t blame the front store because we won’t help you handle your own lines. If we ask you as much as to break down your own cardboard you look at us like we’re asking too much. Please. Just please.

HAHAHA 6 mil rx. Stay in your bubble. When you are ready for the big times come to the northeast.

Pharmacists, just stay in your bubble in the back and keep counting pills. Most of you can’t manage a business and your s--- a** P&L numbers show it. You wouldn’t be able to survive in the business world for 2 seconds. FS Planos and cycle counts HAVE to be done says the company. Maybe if you read a HUB task instead of letting them go overdue you would understand that. Keep hiding behind the “this is a health care company” BS to finally justify your worth in this company. You think you are the sole brain of this company. I hate to tell you this, but a brain is worthless without the body. Like it or not, we need each other so stop the ignorant, entitled, insecure BS already.

dumb--s! 22percent of 6 million in Rx is more dollars than 50 percent of $1,000,000 in Fs! Gross margin percentage does not pay bills , gross margin dollars is what is important. Go do your damn price changes and Boh scan! Learn your job! Do you even know how to figure gross margin? No! Go to school.

Who would be there to change the toliet paper for the pharmacist since they can’t even do that or take out trash out of the bathroom or pharmacy even. My pharmacist still has 0 clue on how to do myschedule and it is easy system and its been 3-4 years. For smart people why you trying to free the slaves under you

What an id--t. There is no margin anymore in the Rx. Generics are dead. Margin comes from the front. This is suppose to be a Team. Maybe your SM doesn’t help out because he/she sees how much of an a___hole you are. Your word will come back to haunt you. Beware!

Rx is only 76% of the stores business while FS is 24%. This is from the companies own financials. Rx operates at a 28% margin while FS is 50%. Then take into account payroll.. FS contributes more to the bottom line then this RPH thinks. Don't waste time listening to someone that is bitter.

90 percent of the business? It shows how little the pharmacists know about a store

I can't speak for all store managers, but I spend more time helping out back there then doing what needs to be done. The planograms you refer to is something that we have to do not what we want to do. None of you would understand the B.S. we have to put up with in FS. So like another person suggested, you should be careful how you speak and treat us. I for one have supported my pharmacy and don't agree with how it's treated. I don't understand how this business can continue to run fuctionally when it continues to take hours away.

What difference does rx budget maket? Some of you r----d SM’s will never help rx so they will suffer anyway. Kill the FS put all resources into RX!! Thats the way it’s going you future WM store greeters!!

I agree !!!!!! You should take care of a dept going 90 percent of the business. Instead you screw around doing cycle counts or plan o grams . I say for what , utilize that time to help us take care of people in the back where we are doing business. As SM your priorities are way off. Screw around doing c-ap that results in no sales and profits while we drown in the Rx! Bye bye dumb--ses you deserve what happens to you next year. You are so damn ignorant about what pays the bills

You will need fs managers help once you see the 2019 budgets. So watch how you talk/treat your store manager.