What Is The Difference Between CVS Vs Walgreens: Who’s better?

CVS Vs Walgreens

Are you choosing between CVS and Walgreens for your pharmacy needs? It’s like picking your favourite team but with pills and prescriptions. These pharmacy giants are like friendly rivals in your neighbourhood, but they’ve been making interesting moves lately. 

Let’s break it down in simple terms — who’s got the edge in serving you and your health? CVS and Walgreens, the neighbourhood pharmacy showdown begins!

CVS Or Walgreens: Who Offers More Services?

Walgreens and CVS are a lot alike. They’re both pharmacies that do more than give you medicine. They also offer shots, stuff you can buy without a prescription, and health checkups. Both can bring your meds to your home, and they have apps to make it easy to refill your prescriptions and learn about medicines.

CVS is a bit ahead when it comes to health clinics. They have these things called MinuteClinics in over 1,100 CVS stores. You can see a nurse or someone like a doctor without an appointment, even on evenings and weekends. Walgreens has fewer clinics, only about 400 in 20 states. But they’re planning to open more with VillageMD. If you need to see a real person for health stuff, CVS is the better choice.

CVS Or Walgreens: Who’s More Convenient?

Walgreens and CVS are the biggest pharmacies in the U.S. CVS has almost 25% of the market for selling medicine. Walgreens is next, with 18% of the market. Regarding places, CVS has more, with over 9,700 stores, and Walgreens is close behind with 9,000 locations. They’re everywhere, even right next to each other sometimes! You can pick either one, and you’ll be fine.

Here’s one difference: Walgreens lets you order online and get your stuff (like medicine and other things) delivered to your car in 30 minutes. CVS doesn’t do that. If you order from CVS online or with their app, you must enter the store to get your things. If getting your stuff without leaving your car is important, go with Walgreens!

CVS Or Walgreens: Where Can You Save More?

Let’s talk about prices at Walgreens and CVS. They both have good deals on medicines, but prices can change, and they might have different values. So, looking around to see where things cost less is smart. Both places have special deals and their own rewards programs. If you want many points, stick with just one.

Here’s a cool thing about CVS: they have a machine in the store that gives you coupons. These coupons are based on what you buy a lot. Walgreens doesn’t have that, but they have an app to get coupons.

Now, there’s a difference in how the coupons work. CVS gives you ExtraBucks coupons right after you buy something. You can use them on your next buy and get more coupons. It’s like a money-saving circle! Walgreens has Register Rewards, but they work differently. They give you a coupon for something different from the same deal. So, if you like to save money by buying things separately, CVS might be the better choice.

CVS Or Walgreens: Who Treats Customers Better?

Do people say Walgreens gets a bit higher rating than CVS? But another place called Comparably says CVS has a higher score, about 13 points more. Confusing, right? Well, it depends on your own experience at the store you go to.

Both Walgreens and CVS are good for getting your medicine. Prices are close, so it’s more about where’s more convenient or has extra stuff you like. Think about what you usually buy. There might be little things that make one better for you. So, check the prices and see which one helps you save more money before you decide where to get your medicine.

Shopping Tips: How to Save Money and Choose the Best Store for You?

You can buy more than medicine at stores where you get treatment, like CVS, and Walgreens. They have vitamins, soap, and food all in one place. There are lots of these stores around, about 20,000 in the U.S. But be careful, prices are different everywhere. We checked CVS and Walgreens to see which one was cheaper. Guess what? CVS is the winner, and Walgreens is close behind.

To save money, you can join their special clubs. These clubs give you points and coupons for discounts. It’s a good idea to join if you like saving money. If you don’t like using apps, you can still get deals by checking the store flyers or keeping your receipt. CVS is known for its long receipts and good coupons.

CVS is a big store with almost 10,000 locations all over the country. They became so big by buying other stores in 1963. Most people live close to a CVS, about 5 miles away. People like going there because it’s easy to get to, and the prices are good. Jane, who is 69 years old, goes to CVS because it’s convenient and cheaper. She uses the CVS app to save money and checks the flyers before buying things.

Here’s a smart shopping tip: Remember the prices of things you usually buy. It helps you compare prices without wasting time and gas. Jane does this when she goes shopping. She looks at the prices of things she usually gets.

Another person, Anthony, 77, likes CVS because he saves money on medicine. He used to get his medicine by mail, but it caused him problems for almost 40 years. They gave him the wrong medicine and charged him unfairly. Now, he does all his shopping at CVS. He says it’s cheaper, and if there’s a problem, he can talk to a real person. He also buys candy and other things at CVS because they’re cheaper.

Anthony has a good shopping tip: When choosing a store, think about the value, how easy it is to get there, and if you can get help. Even if a mail service is cheaper, it can be a hassle. Fixing problems can cost you more in time and stress.

Walgreens is also a big store, almost as big as CVS. It has about 9,000 stores throughout the U.S., even in Puerto Rico and the U.S. Virgin Islands. They fill a ton of prescriptions, around 287 million every month. Walgreens is super old, starting in Chicago in 1901.

They sell more than just medicine, like food and daily necessities. They also do a lot of photo printing, which George, a retiree, likes. He uses the Walgreens app to print photos, and it’s cheaper. George has a good tip: Loyalty sometimes pays off. He shops where things are most affordable. He knows what he wants, and he gets it.

So, both of them have their strengths. Walgreens has lots of locations and does photos well. Remember, it’s good to plan what you need and not just buy things randomly.

Does The Same Company own Walgreens And CVS?

Nope, Walgreens and CVS Pharmacy don’t belong to the same company. They’re like two different clubs with their own boss and rules. CVS hangs out with CVS Health, and Walgreens is pals with Walgreens Boots Alliance.

It’s like having different superheroes in one city – both with their powers and missions!

CVS Vs Walgreens History

CVS and Walgreens are big stores where people get medicines. CVS started in 1963, and Walgreens began way back in 1901. Right now, CVS has more stores than Walgreens.

At both places, you can get medicine in different ways. They have things like auto-refills and online tools to help with prescriptions. However, Walgreens has some special items like vaccines and extra medical care. CVS has something cool called MinuteClinic, where you can quickly see a doctor.

Both stores have programs where you can get prizes or discounts when you shop. Walgreens has something called Balance Rewards. CVS has ExtraCare. These let you save money and get special deals.

Both CVS and Walgreens are everywhere in the country. But in cities, you might find more CVS stores. In towns and countryside places, you might see more Walgreens.

They both want to give good prices to customers. They often have sales or special offers. If you have insurance, they can help you save more money.

Besides medicines, they also sell other things. Walgreens has beauty stuff like makeup and creams. Some even check your health, like blood pressure. CVS sells many things like food and home items.

To wrap it up, CVS and Walgreens are big places where people get medicines. They have some differences but are good choices for people in the U.S.

How Did The Recent Pharmacy Worker Walkout Affect CVS and Walgreens?

CVS Health Corp and Walgreens Boots Alliance shared that a work action by some U.S. pharmacists earlier this month didn’t cause much trouble. According to CVS Chief Executive Karen Lynch, a few employees called in sick at some stores, but nothing major happened. No stores closed, and no shifts got messed up because of it. CVS has many pharmacists and stores, around 30,000 pharmacists, and over 9,000 retail locations.

Walgreens also mentioned that the walkout, which they called “Pharmageddon,” didn’t do much. Only three pharmacies were closed temporarily, according to a Walgreens spokesperson. They clarified that no U.S. pharmacies were closed during the last day of the walkout. As of August 31, 2023, Walgreens had 8,701 retail pharmacy stores in the United States.

Shane Jerominski, a former Walgreens pharmacist who organized the walkout, told Reuters about 5,000 pharmacy workers planned to walk out. The goal was to get companies to improve working conditions and hire more store staff.

CVS’s Lynch mentioned that the company spent around $1 billion to improve wages for pharmacists and pharmacy technicians. Jerominski said they needed to determine the number of stores and staff affected because there wasn’t a union.

He added that the organizers asked for better pay and more consistent technician hours. Technicians are the ones who find, give out, pack, and label prescribed medicine for patients under the watch of pharmacists.

CVS vs Walgreens: Who’s Doing Better?

Sometimes, we want to know if one company is a better deal than another. It’s like comparing prices but with stocks. Let’s talk about CVS and Walgreens.

CVS has the P/E ratio, which tells us if it’s a good deal. But sometimes, it can be tricky if a company is growing or needs to do better. They also examine how much the company is worth compared to its returns (P/B values). There’s something about how much money a company makes compared to what it owns (ROE). CVS Health is doing better than Walgreens.

CVS Health has been doing more than just selling medicine. They’re growing their business in different ways. They own a big part of the pharmacy benefits game and even have an insurance company called Aetna. On the other hand, Walgreens is getting into more primary care clinics in their stores. But this year, their stocks fell—Walgreens more than CVS.

CVS’s Growth and Walgreens’ Challenges

CVS talked about their money in the first quarter, and it was a lot—$85.3 billion! But their earnings (EPS) dropped slightly because they bought new things. Their pharmacy and consumer wellness part grew less, but healthcare benefits and health services grew more.

Now, Walgreens had slower growth in the third quarter. They made $35.4 billion, a bit more than last year. But they lost money—$2.9 billion—while they made $4.8 billion last year. Here’s the catch: Walgreens gives back some money to those who own their shares. But this time, they gave away more money than they earned. Not good.

Dividends: Walgreens’ Risky Move

Walgreens gave more money to its shareholders, making its dividend yield high—6.6%, much more than CVS. But here’s the problem: Walgreens paid out a lot more money than it earned. That’s like giving away all your cookies and not having any left for yourself. They might raise the dividend again, but it’s risky.

CVS is safer with its dividend. They increased it by 10% last year, but it’s lower than Walgreens’. The good thing is that CVS can likely keep growing because more money is coming in.

Looking to the Future

CVS made a lot of money in 2022—$322.5 billion! This year, they’ve aimed for $348–353 billion. That’s 12 years of making more money in a row.

Walgreens, though, had to lower their expectations for 2023. They thought they’d make less money than they hoped. They’re trying to save money by selling some things and paying off debt. But just saving money might only solve some of their problems.

In simple words, CVS is doing better and keeps growing. They’re adding new things to help people. Walgreens faces challenges, like making less money and giving less money back. They’re trying to save money, but more is needed.

Which Pharmacy Store Is Better for Investing: CVS or Walgreens?

CVS and Walgreens are two large stores in the U.S. where people buy medicine and health products. We looked at both to determine which is better for someone looking to invest money. CVS is a good pick, and here’s why.

How people shop at these stores has changed a lot in recent years. They now sell things online and in physical stores, which helps them make more money. By 2028, the U.S. market for these stores is expected to be big, around $861.67 billion. Additionally, more people worldwide are buying medicine online, and this online medicine market is growing fast.

There’s also a new approach where medicines are made specifically for one person based on their genes or health issues. This could help people get better treatment and spend less on healthcare. This personalized medicine market will be worth $740.3 billion by 2030. Both CVS and Walgreens are expected to do well because of these trends.

However, in the past months, CVS and Walgreens have performed less in the stock market. However, CVS has made significant moves that could help it grow sooner. They acquired another company called Signify Health for $8 billion and plan to buy Oak Street Health for $10.60 billion. The CEO of CVS, Karen S. Lynch, mentioned that these moves will help them offer better health services to people.

Walgreens also did something new. They now deliver certain medicines on the same day to people’s homes to help those with HIV. They teamed up with companies like DoorDash and Uber for this.

Their recent money reports show that CVS made more money last year than before, while Walgreens made less. Experts think CVS will keep making more money this year, too. But Walgreens might make less money this year.

CVS is better when we compare how valuable each company is and how much they miss the future. Also, experts who look at these companies gave CVS a better rating than Walgreens.

In short, both CVS and Walgreens are big and will do well. But because of some recent moves and better-expected earnings, CVS might be the better choice for someone wanting to invest money.

Which Store Gives The Best Deals?

Walgreens and CVS both give discounts with their special programs and weekly sales. But the deals can change depending on where you are, so it’s good to check and see if your insurance plan has any cool discounts.

Can You Move Your Medicine From Walgreens To CVS? 

Yep! If you want to change, tell the new store what you need. But be careful; some medicines have rules about moving them, so it’s smart to check with the stores first.

Do They Have The Same Medicines? 

Both Walgreens and CVS have lots of different medicines you might need. But the exact ones can change depending on the store. It’s a good idea to check or use the online tool to ensure they have what you want.

What Else Should You Think About? 

Think about how nice the people are at each store, how long you must wait, and if the pharmacist knows a lot. Your own experiences matter, too, and if you feel good about a store. Check if it’s convenient if they have the services you like, and how much things cost. If you have questions, ask the people who work there!

Which Pharmacies Make Customers Happiest?

Good Neighbor Pharmacy is good at making people happy. They just won the top spot in customer satisfaction for the seventh time in a row! In a big study, they scored 793 out of 1,000 points. That’s better than Sam’s Club, which came second with 788 points.

Over 12,000 people who went to different pharmacies were asked about their experiences. Let’s see who did well and who didn’t:

Regular Pharmacies

  • Good Neighbor Pharmacy – 793 (the best!)
  • Health Mart – 770
  • Rite Aid – 680
  • CVS Pharmacy – 651 (not so good)
  • Walgreens – 643 (also not so good)

Mail-Order Pharmacies

  • Kaiser Permanente Pharmacy – 748
  • PillPack (Amazon’s company) – 709
  • Express Scripts Pharmacy – 699
  • CenterWell (used to be Humana Pharmacy) – 697
  • AllianceRx Walgreens Prime – 657 (not great)
  • Supermarket Pharmacies:
  • H-E-B – 760
  • Wegmans – 753
  • Publix – 744
  • Walmart Neighborhood Market – 731
  • Winn-Dixie – 720
  • Albertsons – 714
  • Stop & Shop – 704 (just okay)
  • Hy-Vee – 665 (not the best)
  • Big Stores and Warehouses Pharmacies:
  • Sam’s Club – 788 (the best!)
  • Costco – 755
  • CVS Pharmacy inside Target – 698 (could be better)
  • Walmart – 675 (not so good)

Remember, you don’t have to be a member to use some pharmacies, like Sam’s Club. They welcome everyone to buy medicines; you don’t need a special membership.

Conclusion

In the CVS vs. Walgreens face-off, CVS is the winner. Both giants in the pharmacy world are adapting to changes in the market. Still, CVS’s recent strategic moves, like acquiring Signify Health and Oak Street Health, show a commitment to expanding and providing enhanced healthcare services. Walgreens, facing challenges in revenue growth and a risky dividend strategy, maybe on a tougher journey.

Given its projected growth and recent financial performance, investors eyeing the pharmaceutical sector might find CVS a more promising investment. The shift toward personalized medicine and the expanding online market further supports the positive outlook for CVS and Walgreens, but CVS is making more strategic strides.

In the end, whether you’re a potential investor or a satisfied customer, keeping a close eye on these industry dynamics can guide your choices, making sure you’re picking the right player for your needs and expectations.

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