Walgreens (WBA) - Get Walgreens Boots Alliance Inc Report is taking the next step in preventing youth smoking by raising the minimum age for purchasing tobacco products at its stores to 21 beginning Sept. 1.
"We've seen positive results from other recent efforts to strengthen our policies related to tobacco sales, and believe this next step can be even more impactful to reduce its use among teens and young adults," said Richard Ashworth, Walgreens president of operations. "Through ongoing training and certification for pharmacists and technicians, we also continue to help and support people looking to quit the use of tobacco in their lives."
This is the latest step in the company's crusade to combat underage smoking after implementing a store-wide policy to card everyone seeking to purchase tobacco products.
Tobacco companies rebounded to close higher on a strong day for the markets after earlier trading down on the news.
Shares of Walgreens fell 1.6%, while Rite Aid tumbled more than 7%.