With no Kroger merger to rely on, grocery chain Albertsons said it would lean into an array of initiatives to drive growth.
Albertsons cites GLP-1s and AI as sources for optimism amid inflationary headwinds.
Albertsons Cos. raised its adjusted earnings outlook for the full year, a positive sign for the grocer seeking to pave a new ...
By Ananya Mariam Rajesh (Reuters) -Albertsons executives focused on moving on from its scuttled merger with Kroger on ...
The grocer has “got to accelerate our growth rates to compete with the very, very best in the industry,” CEO Vivek Sankaran ...
The Boise, Idaho, grocery chain reported net income of $400.6 million, or 69 cents a share, for the third quarter, up from $361.4 million, or 62 cents a share, a year earlier. Stripping out certain ...
Albertsons executives laid out plans to cut about $1.5 billion in costs over the next three years, speaking on the grocery store operator's first earnings call in more than two years. Last month a [fe ...
The company, which recently called off a plan to merge with rival Kroger Co. (KR) after regulatory pushback, said it now expects fiscal 2024 same-store sales to rise 1.8% to 2.0%, compared with prior ...
Albertsons Companies showed growth in sales and digital engagement, but faced profitability and merger-related challenges in ...
Albertsons raised its annual profit forecast on Wednesday, as the grocer benefits from investments in its pharmacy operations ...
Shares of grocery retailer Albertsons rose Wednesday morning after the company reported better third-quarter earnings than ...
Inc.'s stock (ACI) rose 4.5% early Wednesday, after the grocery chain beat profit estimates for its fiscal third quarter, offsetting a small revenue miss. The company had net income of $400.6 million, ...