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Grocer Albertsons raises annual sales forecast on steady demand
Albertsons raised its annual sales forecast on Tuesday, betting on steady demand for essentials at grocery stores and pharmacies as higher economic uncertainty squeezes household budgets. The company expects annual identical sales to grow in the range of 2% to 2.
Albertsons offers long-term potential with strong sales growth, digital investments, cost-cutting, and buybacks. Read here ...
Susan Morris succeeded Vivek Sankaran as CEO of Albertsons on May 1. She acknowledged inflationary pressures, saying the ...
CEO Susan Morris views the Albertsons for U program, which saw membership rise 14% year over year, as a valuable source of ...
Albertsons shares falls as the gross margin rate drops to the lowest rate in five years, as the company tried to keep prices ...
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Revenue was up 2.5% year-over-year to $24.9 billion to edge past the consensus expectation by $170 million. Identical sales ...
Albertsons continued to grow its digital sales with a 25% increase and loyalty members also rose 14% to 47.3 million.
Albertsons reported solid Q1 2025 results with a 25% rise in digital sales, 14% loyalty growth, and $319M in adjusted income, ...
Loyalty club members earn points by shopping at Albertsons stores. The points can be spent on grocery items or fuel. When members redeem gasoline rewards, 100 points yield a 10ct/gal discount. Members ...
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Grocery workers at Albertsons and Smith's stores across New Mexico will get raises and improved benefits after voting to finalize new union contracts, narrowly avoiding a potential strike. The two ...
The grocery chain saw identical sales rise twice as fast as they did a year ago and posted an e-commerce sales gain of 25%.
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