Purpose Above Profits
This week, CVS made a bold move when it announced that it will no longer sell cigarettes and tobacco products despite the fact that it will result in a $2 billion annual loss for the company.
As someone who has worked in the public health space for the past 10+ years, I applaud CVS for making a decision that puts purpose above profits.
“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,” Larry J. Merlo, president and CEO of CVS Caremark, said in a statement. “Put simply, the sale of tobacco products is inconsistent with our purpose.”