How much money did cvs lose when they stopped selling cigarettes?

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Alexanne Lowe asked a question: How much money did cvs lose when they stopped selling cigarettes?
Asked By: Alexanne Lowe
Date created: Fri, Jun 25, 2021 9:23 PM
Date updated: Thu, Sep 29, 2022 10:19 PM

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The company lost $2 billion in revenue by ending cigarette sales and angered some shareholders. But today, as the COVID-19 crisis gravely illustrates the risks of smoking, the short-term revenue hit has become a brilliant long-term decision.

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