Drug stores make a great profit on groceries

January 24, 2011 5:36:34 PM PST
The competition is increasing for your grocery dollars. Drug stores like CVS and Walgreens have been selling groceries for years, but those isles are getting bigger and bigger -- and sales have been good.

"It's been very successful when you look at it from a financial aspect, but it's been even more successful when you look at it from a community aspect," says Mike Wagner from Walgreens.

"I think they're pleasantly surprised that we have great pricing on the key items that they are looking for," says J.P. Larson from CVS.

A survey of prices found some significant savings, especially on sales items, but shop carefully. Sales are designed to woo you into the store. Overall, the prices tended to be higher than in traditional grocery stores.