Albertsons up after quarterly results beat, launch of business review

Albertsons Companies

13/10/2026 15:04

** Shares of US grocer Albertsons ACI.N up ~1% at 12.66 in morning trading
** Co beats second-quarter profit estimates, helped by its cost-saving efforts
** The grocer also launched a review ‌of its business aimed at cutting costs, lowering prices and reversing sluggish sales
** Reports quarterly adjusted EPS of 36 cents, beating analysts' estimates of 33 cents - data compiled by LSEG
** Posts Q2 revenue of $18.89 billion, also beating expectations of $18.97 billion 
** Co withdrew its fiscal 2026 forecasts as it conducts the review
** Posts Q2 same-store sales decline of 0.8%
** Up to last close, stock down about 27% YTD

 (Reporting by Shania S Thomas in Bengaluru)
 ((shanias.thomas@thomsonreuters.com))