CVS to lose $2B in 2014 tobacco sales. Why CEO Larry Menlo isn’t worried.
February 11, 2014 at 11:20 AM EST
CVS Caremark (NYSE:CVS) CEO Larry Menlo told analysts today he expected the decision to exit the tobacco business would cost the company $2 billion in revenue in 2014, leading to a reduction in earnings of between 6 cents and 9 cents per share for the year...