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March 4, 2019, 2:26 p.m. EST

FDA's Gottlieb calls out Walgreens, others for illegally selling tobacco products to minors

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By Tomi Kilgore

Food and Drug Administration Commissioner Scott Gottlieb called out Walgreens Boots Alliance Inc.'s /zigman2/quotes/203410933/composite WBA +2.65% pharmacy stores as the "top violator" among pharmacies illegally selling tobacco products to minors, and has sent a letter to management requesting a meeting. Gottlieb said in all, 15 national retail chains have been identified with "disturbingly high rates of violations," including Dow Jones Industrial Average /zigman2/quotes/210598065/realtime DJIA -0.07% components Exxon Mobil Corp. /zigman2/quotes/204455864/composite XOM +0.95% , Chevron Corp. /zigman2/quotes/205871374/composite CVX +0.91% and Walmart Inc. /zigman2/quotes/207374728/composite WMT +0.30% ,as well as Kroger Co. /zigman2/quotes/206215053/composite KR +1.75% , Marathon Oil Corp. /zigman2/quotes/205031829/composite MRO -6.32% , Sunoco L.P. /zigman2/quotes/208614298/composite SUN +1.45% and Casey's General Stores Inc. /zigman2/quotes/208156554/composite CASY +1.22% . "Companies should be on notice that the FDA is considering additional enforcement avenues to address high rates of violations," Gottlieb said in a statement. He said the FDA has also sent letter to more than 40 companies seeking information about more than 50 products, including e-cigarette products, that are being illegally marketed, citing concerns that these companies are attempting to capitalize on the "troubling popularity" of Juul Labs Inc.'s e-cigarettes. In December, Altria Group Inc. /zigman2/quotes/208895754/composite MO +0.62% announced a $12.8 billion equity investment in Juul.

/zigman2/quotes/203410933/composite
US : U.S.: Nasdaq
$ 42.94
+1.11 +2.65%
Volume: 8.86M
May 29, 2020 4:00p
P/E Ratio
11.03
Dividend Yield
4.26%
Market Cap
$37.67 billion
Rev. per Employee
$380,198
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/zigman2/quotes/210598065/realtime
US : Dow Jones Global
25,383.11
-17.53 -0.07%
Volume: 545.14M
May 29, 2020 5:14p
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/zigman2/quotes/204455864/composite
US : U.S.: NYSE
$ 45.47
+0.43 +0.95%
Volume: 25.89M
May 29, 2020 4:00p
P/E Ratio
17.08
Dividend Yield
7.65%
Market Cap
$192.26 billion
Rev. per Employee
$3.93M
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/zigman2/quotes/205871374/composite
US : U.S.: NYSE
$ 91.70
+0.83 +0.91%
Volume: 17.02M
May 29, 2020 4:00p
P/E Ratio
45.32
Dividend Yield
5.63%
Market Cap
$171.20 billion
Rev. per Employee
$3.27M
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/zigman2/quotes/207374728/composite
US : U.S.: NYSE
$ 124.06
+0.37 +0.30%
Volume: 9.77M
May 29, 2020 4:00p
P/E Ratio
23.59
Dividend Yield
1.74%
Market Cap
$351.55 billion
Rev. per Employee
$223,654
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/zigman2/quotes/206215053/composite
US : U.S.: NYSE
$ 32.62
+0.56 +1.75%
Volume: 16.55M
May 29, 2020 4:00p
P/E Ratio
15.87
Dividend Yield
1.96%
Market Cap
$25.65 billion
Rev. per Employee
$269,849
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/zigman2/quotes/205031829/composite
US : U.S.: NYSE
$ 5.34
-0.36 -6.32%
Volume: 107.58M
May 29, 2020 4:00p
P/E Ratio
16.67
Dividend Yield
0.00%
Market Cap
$4.22 billion
Rev. per Employee
$2.46M
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/zigman2/quotes/208614298/composite
US : U.S.: NYSE
$ 25.80
+0.37 +1.45%
Volume: 509,073
May 29, 2020 4:00p
P/E Ratio
N/A
Dividend Yield
12.80%
Market Cap
$2.14 billion
Rev. per Employee
$4.69M
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/zigman2/quotes/208156554/composite
US : U.S.: Nasdaq
$ 159.73
+1.93 +1.22%
Volume: 249,629
May 29, 2020 4:00p
P/E Ratio
26.11
Dividend Yield
0.80%
Market Cap
$5.88 billion
Rev. per Employee
$248,987
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/zigman2/quotes/208895754/composite
US : U.S.: NYSE
$ 39.05
+0.24 +0.62%
Volume: 18.95M
May 29, 2020 4:00p
P/E Ratio
N/A
Dividend Yield
8.60%
Market Cap
$72.57 billion
Rev. per Employee
$2.36M
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