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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.

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-