Albertsons Profits Top Estimates in First Quarter
Albertsons raises profit guidance after dropping Kroger deal
Albertsons Cos. raised its adjusted earnings outlook for the full year, a positive sign for the grocer seeking to pave a new path after its proposed deal with Kroger Co. fell apart. The nation’s second-largest supermarket operator now expects adjusted earnings per share in the range of $2.25 to $2.31, up from as much as $2.30 previously.
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Albertsons cites GLP-1s and AI as sources for optimism amid inflationary headwinds.
The grocer has “got to accelerate our growth rates to compete with the very, very best in the industry,” CEO Vivek Sankaran ...
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 ...
Albertsons, which has sued Kroger after the grocer terminated their $25 billion deal, now expects annual 2024 identical sales ...
CINCINNATI ( Cincinnati Business Courier) - More shoppers have been streaming into Kroger Co. stores than a year ago, a sign ...
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 ...
The failure of the Kroger-Albertsons merger exposed serious problems at QFC, a leader in Seattle's grocery industry before it ...
The Friday Checkout is a weekly column providing more insight on the news, rounding up the announcements you may have missed ...
By Ananya Mariam Rajesh (Reuters) -Supermarket chain Albertsons raised its annual profit forecast on Wednesday, benefiting ...
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