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3 takeaways from Albertsons’ annual report
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Albertsons Earnings: A Soft Quarter Holds a Lesson for the Grocery Industry - Food Trade News & Food World
Albertsons Companies (ACI) didn’t give investors much to celebrate in its latest earnings report. But strip away the market reaction and what’s left is something more useful: a clear, unvarnished look at how a wide swathe of the grocery business is actually performing right now. The headline numbers were okay, if uninspiring. Revenue ticked up about 1.9%, and the company guidance pointed to flat to low-single-digit identical sales ahead. That’s …
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