No imminent tobacco exit for Walgreen


Execs with Walgreen (WAG) dodged a question during the firm's earnings call yesterday on if the company planned to cease selling tobacco products.

The company didn't disclose any plans to follow the lead of CVS Caremark in exiting the tobacco market, but also pointed toward its products which are geared toward smokers looking to quit.

"We think we are well positioned to help folks change their behavior who want to quit," said CEO Greg Wasson.

Reading between the lines, a wait-and-see approach appears to be in place on tobacco for Walgreen.

Earnings call transcript

From other sites
Comments (1)
  • AdamDivy
    , contributor
    Comments (412) | Send Message
     
    Good! More rev for WAG!
    26 Mar 2014, 09:53 AM Reply Like
DJIA (DIA) S&P 500 (SPY)
ETF Hub
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs