Albertsons raises profit guidance

Albertsons Profits Top Estimates in First Quarter Since End of Kroger Merger
Shares of grocery retailer Albertsons (ACI) rose Wednesday morning after the company reported better third-quarter earnings than analysts had expected, while sales fell just short of estimates. Albertsons recorded $400.
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.
Albertsons Details Cost-Cutting Plans After Failed Kroger Deal
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 raises profit forecast as it moves on from Kroger
By Ananya Mariam Rajesh (Reuters) -Albertsons executives focused on moving on from its scuttled merger with Kroger on Wednesday, as the supermarket chain raised its profit forecast and its CEO talked up investments meant to weather competition from bigger retailers.
Jewel parent Albertsons raises profit guidance after dropping Kroger deal
We are a stronger company today than pre-merger,” Chief Financial Officer Shannon McCollam said on a call with analysts.
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Albertsons seeks innovative brands and enhances marketing to reinforce its position without Kroger
US grocery retailer Albertsons’ efforts to increase its customer value proposition – and investor appeal in the wake of its ...
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Albertsons announces Q3 2024 sales rise in the wake of failed merger with Kroger
Boise, Idaho, U.S.A.-based Albertsons reported an increase in sales in Q3 2024 and a slightly higher profit outlook for FY ...
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Albertsons underlines focus on tech, AI in wake of failed Kroger merger
The grocer credited its IT investments with helping improve customer experience, increase sales and enhance productivity.
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Albertsons reports modest results as it looks ahead after failed merger
The grocer has “got to accelerate our growth rates to compete with the very, very best in the industry,” CEO Vivek Sankaran ...
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Albertsons’ Q3 FY24 net sales growth fuelled by identical sales
US supermarket chain Albertsons Companies has reported a 1.2% increase in net sales and other revenue, reaching $18.77bn for ...
Once Seattle’s grocery darling, QFC in limbo after Kroger-Albertsons merger fails
The failure of the Kroger-Albertsons merger exposed serious problems at QFC, a leader in Seattle's grocery industry before it ...
Grocer Albertsons Misses Quarterly Sales Estimates on Demand Hit
Albertsons, which has sued Kroger after the grocer terminated their $25 billion deal, now expects annual 2024 identical sales ...