Albertsons up after co raises annual profit and sales forecast

Albertsons Companies

14/10/2025 13:04

** U.S. grocer Albertsons'  shares up 6.4% at $17.99 premarket

** ACI raises annual forecast, betting on steady demand for essential groceries and pharmacy products

** Expects annual profit per share between $2.06 and $2.19 vs prior forecast of $2.03 to $2.16

** Expects identical sales growth between 2.2% and 2.75%, up from earlier expectations of 2.0% to 2.75%

** Beats Q2 profit and sales estimates

** Co raises its share buy-back plan by $750 million

** As of last close, ACI was stock down ~13.6%, YTD

 (Reporting by Sanskriti Shekhar in Bengaluru)

 ((Sanskriti.Shekhar@thomsonreuters.com))