Albertsons reports Q2 earnings at 7:30 AM ET with the Kroger merger still hanging in the balance and investors watching for any sign the grocer can outpace persistent food inflation.
Albertsons :
ACI
ACI
Stock Data
$14.96
$0.16 (1.03%)
Asset Type
Common Stock
Exchange
NYSE
Currency
USD
Country
USA
Sector
CONSUMER DEFENSIVE
Industry
GROCERY STORES
Albertsons Companies Inc is a leading food and drug retailer in the United States, known for its wide range of grocery products, general merchandise, health and beauty care products, and pharmacy services. With a rich history dating back to 1860, it operates a variety of well-known store banners including Albertsons, Safeway, and Vons among others. Beyond retail, Albertsons manufactures food products for its stores, offers fuel services, and runs digital platforms to enhance customer experience. Headquartered in Boise, Idaho, it's a staple in American households for shopping needs.
Latest Activity
Albertsons missed earnings by 22% and slashed its full-year outlook, citing margin pressure from digital delivery costs and a cautious consumer, while launching a major restructuring to consolidate 11 divisions into four regions.
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