CVS Says Demand Is Fading for Covid Tests, Vaccines

The CBS CEO discusses the company's strong performance despite market challenges, emphasizing growth across all business areas. The conversation covers labor costs, talent retention, and the shift from traditional retail to health services. The CEO outlines the company's supply chain resilience and security measures against theft. Future strategies include capital deployment, debt reduction, and potential M&A activities, focusing on primary care and health services.

What was the CBS CEO's perspective on the company's performance over the past year?

• The company faced significant cash flow issues.

• The company ended the year strong, beating consensus.

• The company decided to expand its retail stores.

• The company struggled to meet expectations.

How many employees does CBS Health currently have, and what is the new minimum wage?

• 200,000 employees, $12 an hour

• 300,000 employees, $15 an hour

• 400,000 employees, $18 an hour

• 500,000 employees, $20 an hour

What is CBS Health's strategy for its retail locations?

• Focus solely on traditional pharmacy operations

• Close all retail locations

• Convert all locations to health hubs

• Develop primary care clinics, health hubs, and maintain pharmacy operations

How has CBS Health managed its supply chain during recent challenges?

• Faced significant disruptions in both supply chains

• Had no disruptions in the pharmacy supply chain and managed front store supply well

• Relied heavily on international suppliers

• Closed several supply chain operations

What future opportunities is CBS Health focusing on after the Aetna deal?

• Investing in technology startups

• Expanding international retail operations

• Focusing on primary care and targeted health services

• Entering the food and beverage industry

What actions has CBS Health taken to address theft in its stores?

• Reduced store hours to prevent theft

• Closed stores in high-theft areas

• Increased security measures in stores

• Ignored the issue as it was not significant

What is the primary focus of CBS Health's future M&A activities?

• Entering the entertainment industry

• Enhancing primary care capabilities

• Developing new pharmaceutical products

• Expanding retail store count