Walgreen (WAG) Earnings Could Benefit as CVS (CVS) Halts Tobacco Sales; Goldman Comments
FREE Breaking News Alerts from StreetInsider.com!
StreetInsider.com Top Tickers, 4/26/2024
- Asia stocks rise, yen plumbs 34-year low as BOJ stands pat on rates
- Microsoft fiscal Q3 results top estimates as AI revolution spurs cloud growth
- Alphabet stock soars 12% to record high on Q1 earnings beat, first-ever dividend
- Intel slides in afterhours trading as Q1 revenue misses, Q2 outlook falls short
- Oil prices on track to snap two-week losing streak
- Rubrik (RBRK) Prices Upsized 23.5M Share IPO at $32/sh
- Union Pacific beats profit estimates on stronger pricing, resumes share buyback
- IBM tumbles on soft Q1 revenue; announces HashiCorp $6.4bn acquisition
- Hertz Global (HTZ) misses earnings expectations as fleet costs weigh
- Teladoc (TDOC) Misses Q1 EPS by 3c, offers outlook
- After-hours movers: Alphabet, Microsoft, Snap, Intel, and more
- Midday movers: Meta, IBM, Caterpillar fall; Chipotle rises
- After-hours movers: Meta, Ford, IBM, ServiceNow and more
- Midday movers: Tesla, Boeing rise; Uber, Old Dominion Freight fall
- After-hours movers: Tesla, Texas Instruments, Seagate, Visa and more
CVS (CVS): Impact From Plans to Stop Selling Tobacco Products Manageable - Analyst
February 5, 2014 9:44 AM ESTWells Fargo maintained an Outperform rating on CVS Caremark (NYSE: CVS). Comments follow an announced that it will stop selling cigarettes and other tobacco products at its more than 7,600 CVS/pharmacy stores across the U.S. by October 1, 2014. Analyst Peter Costa thinks the company will be able to manage the impact.
"CVS is the first national... More
CVS (CVS) Cigarette Ban a 'Sound Strategic Move' - FBR Capital
February 5, 2014 9:10 AM ESTFBR Capital analyst Tom Gallucci weighed in on news this morning that CVS Caremark (NYSE: CVS) will no longer sell cigarettes and other tobacco-related products
"We view the announcement as a sound strategic move being made from a position of financial strength.... More
Walgreen (WAG) Front-End Comps Up 1.6% in Jan.
February 5, 2014 8:02 AM ESTWalgreen Company (NYSE: WAG) had January sales of $6.39 billion, an increase of 3.7 percent from $6.17 billion for the same month in fiscal 2013.
Total front-end sales increased 2.4 percent compared with the same month in fiscal 2013, while comparable store front-end sales increased 1.6 percent. Customer traffic in comparable stores decreased 2.2 percent while basket size increased 3.8 percent.
Prescriptions filled at comparable stores decreased by 0.8 percent in January and decreased 0.4 percent on a calendar day-shift adjusted basis. January 2014 had one additional Friday and one fewer Tuesday compared with January 2013. These calendar shifts negatively impacted prescriptions filled... More
Cigarette Makers on Watch on Bold CVS (CVS) Move
February 5, 2014 7:13 AM ESTU.S. cigarette makers Altria Group, Inc. (NYSE: MO) and Reynolds American Inc. (NYSE" RAI) are on watch on news CVS (NYSE: CVS) will stop selling cigarettes and other tobacco products at its more than 7,600 CVS/pharmacy stores... More
CVS Caremark (CVS) Plans to Cease Tobacco Sales on October 1, 2014
February 5, 2014 7:05 AM ESTCVS Caremark (NYSE: CVS) announced that it will stop selling cigarettes and other tobacco products at its more than 7,600 CVS/pharmacy stores across the U.S. by October 1, 2014, making CVS/pharmacy the first national pharmacy chain to take this step in support of the health and well-being of its patients and customers.
"Ending the sale of cigarettes and tobacco products at CVS/pharmacy is the right thing for us to do for our customers and our company to help people on their path to better health," said Larry J. Merlo, President... More
