Albertsons raises profit guidance

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 Profits Top Estimates in First Quarter Since End of Kroger Merger
Shares of grocery retailer Albertsons rose Wednesday morning after the company reported better third-quarter earnings than analysts had expected, while sales fell just short of estimates.
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
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.
Albertsons CEO unveils plan to compete with Walmart and Costco after $24.6 billion Kroger meltdown
Albertsons cites GLP-1s and AI as sources for optimism amid inflationary headwinds.
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.
Albertsons leans on technology and cost cuts to go it alone — but faces this near-term hurdle
With no Kroger merger to rely on, grocery chain Albertsons said it would lean into an array of initiatives to drive growth.
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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 ...
Grocery Giant Albertsons Q3 Sales Grow As Pharmacy Products Shine; Boosts Annual Earnings Outlook
Albertsons Companies reported a 1.2% increase in sales for Q3, totaling $18.774 billion, slightly missing estimates.
Albertsons Raises Outlook as 3Q Sales Rise -- Update
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 ...
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Albertsons CEO Promises Shoppers Major Savings—Here's What to Expect This Year
Albertsons is the third-largest grocery chain in the U.S., preceded by Kroger at number two and Walmart at number one.
Albertsons Lifts FY24 Earnings Forecast In Line Or Above Market After Q3 Beats View - Update
Food and drug retailer Albertsons Companies, Inc. (ACI), while reporting higher third-quarter results, on Wednesday lifted its ...
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Albertsons' SWOT analysis: grocery giant faces challenges after blocked merger
The company's performance has been marked by strong growth in certain segments, while facing headwinds in others, prompting analysts to reassess their outlook on the stock. Albertsons' financial ...
Albertsons profit beat overshadows a sales miss as it readies to go it alone
Albertsons Cos. Inc.’s stock rose 3.6% early Wednesday, after the grocery chain beat profit estimates for its fiscal third quarter, offsetting a small revenue miss.
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Walmart outlook improved by Kroger-Albertsons deal break, says BofA
Following the termination of the planned merger of Kroger (KR) with Albertsons (ACI), BofA believes the federal/state court decisions against the merger on Tuesday following the FTC’s decision ...