Skip to Content

    When the cities of San Francisco and Boston banned the sale of tobacco in retail pharmacies, the number of cigarette buyers fell by 13%. Indeed, making cigarettes even slightly less accessible can push down childhood smoking rates. Which is why CVS Health’s decision, in early 2014, to stop selling tobacco products in its 7,600 stores was so momentous, and praised by public health officials. Investors have joined the chorus of hosannas, pushing CVS stock up 66% since the bold move—three times the return of the S&P 500 over the same period.

    Fortune Data StoreLooking for leads, investment insights, or competitive intelligence?Get Premium Access

    Company Info

    Sector
    Retailing
    Industry
    Food & Drug Stores
    Country
    U.S.
    Revenues ($ millions)139,367
    Company type
    Public
    CEO
    Larry J. Merlo
    Websitehttp://www.cvshealth.com
    Impact Segment
    Public Health/Nutrition

    Fortune Rankings

    Fortune 500 Rank10
    Fortune 500 Profilehttp://fortune.com/fortune500/cvs-health-10
    Most Powerful Women Rank-
    Most Powerful Women Profile-
    World's Greatest Leaders Rank-
    World's Greatest Leaders Profile-