Seeking Alpha

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
Comments (1)
  • AdamDivy
    , contributor
    Comments (402) | Send Message
     
    Good! More rev for WAG!
    26 Mar, 09:53 AM Reply Like
DJIA (DIA) S&P 500 (SPY)
ETF Tools
Find the right ETFs for your portfolio:
Seeking Alpha's new ETF Hub
ETF Investment Guide:
Table of Contents | One Page Summary
Read about different ETF Asset Classes:
ETF Selector

Next headline on your portfolio:

|