CVS Pharmacy

American pharmacy chain CVS Pharmacy, IncA CVS Pharmacy in Oak Grove, Georgia, pictured in July 2026FormerlyConsumer Value Stores (1963–69)TypeSubsidiaryIndustryRetailFoundedMay 8, 1963; 63 years ago (1963-05-08)Lowell, Massachusetts, U.S.FoundersStanley P. GoldsteinSidney GoldsteinRalph P. Hoagland IIIHeadquartersOne CVS Drive, Woonsocket, Rhode Island, U.S.Number of locations9,967 (2018)Area servedUnited StatesKey peopleDavid Dorman (chairman)David Joyner (CEO)Revenue US$169,236 million (2022)US$153,022 million (2021)US$141,938 million (2020)Operating income US$7,356 million (2022)US$6,859 million (2021)US$5,688 million (2020)Net income US$6.0 billion (2017)Number of employees203,000 (2017)ParentMelville Corporation (1963–1996)CVS Health (1996–present)Websitecvs.comFootnotes CVS Pharmacy Inc. is an American retail corporation. A subsidiary of CVS Health, it is headquartered in Woonsocket, Rhode Island. Originally named the Consumer Value Stores, it was founded in Lowell, Massachusetts, in 1963. The chain was owned by its original holding company Melville Corporation from its inception until its current parent company, CVS Health, was spun off into its own company in 1996. C