CVS Health to close 22 drugstores next year


Pedestrians walk by a CVS store on November in San Francisco, California.

Justin Sullivan | Getty Images

CVS Health will close 22 “underperforming” drugstores early next year in addition to the 46 stores it shuttered earlier this year, the company said Wednesday in a regulatory filing.

The locations weren’t disclosed. The company recorded a $96 million impairment charge on its third-quarter earnings related to the 22 stores. It recorded a $135 million charge in the first quarter due to the 46 stores it closed during the second quarter.

“We believe these decisions will generate enhanced longer-term performance,” Chief Financial Officer Eva Boratto told analysts Wednesday on a call reviewing…


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