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Albertsons raises profit forecast
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.
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
Food
1d
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 ...
1h
on MSN
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.
SeafoodSource
1d
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 ...
grocerydive
2d
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 ...
4d
on MSN
What Analysts Think of Albertsons Stock Ahead of Earnings
Albertsons is set to report fiscal 2024 third-quarter results Wednesday morning, its first report since the grocery chain's ...
Diginomica
1d
Albertsons - putting digital investment top of the shopping list for a post-merger collapse future
Albertson's $25 billion merger with Kroger went down the regulatory pan. What now? Digital and pharmacy are the two big rolls ...
grocerydive
1d
Albertsons boasts 15% loyalty member growth
The grocer topped 44.3 million loyalty members during its third quarter after simplifying in April how customers can earn and ...
3d
on MSN
Albertsons Stock Gains After Earnings. Grocer Is Upbeat Despite ‘Cautious’ Customers.
Shares of Albertsons were trading higher after the grocery-store chain increased its forecast of earnings for the fiscal year ...
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