BUZZ — Albertsons up after quarterly results beat, launch of business review

* Shares of US grocer Albertsons up ~1% at 12.66 in morning trading * Co beats second-quarter profit estimates, helped by its cost-saving efforts * The grocer also launched a review ‌of its business aimed at cutting costs, lowering prices and reversing sluggish sales * Reports quarterly adjusted EPS of 36 cents, beating analysts' estimates of 33 cents - data compiled * Posts Q2 revenue of $18.89 billion, also beating expectations of $18.97 billion * Co withdrew its fiscal 2026 forecasts as it conducts the review * Posts Q2 same-store sales decline of 0.8% * Up to last close, stock down about 27% YTD (Reporting by Shania S Thomas in Bengaluru) ((shanias.thomas@thomsonreuters.com)