No imminent tobacco exit for Walgreen

|By:, SA News Editor

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