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* 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, beatin
Albertsons reported Q2 fiscal 2026 identical sales down 0.8%, adjusted EBITDA of $784 million and adjusted EPS of $0.36 per share. The company is targeting $2 billion in cost savings over the next three years and said it is reviewing its portfolio and potential strategic actions.
Oct 13 (Reuters) — Albertsons Companies, Inc.: Albertsons® Companies, Inc. Reports Second Quarter Fiscal 2026 Results Source text:... Further company coverage: ACI.N (Reuters.Briefs@thomsonreuters.com;)
Albertsons reported results for the second quarter of fiscal 2026, which ended September 12, 2026.
Third-quarter earnings season starts Tuesday with the largest U.S. banks. JPMorgan Chase & Co. (NYSE: JPM ), Goldman Sachs Group Inc. (NYSE: GS ), Citigroup Inc. (NYSE: C ) and Wells Fargo & Co. (NYSE: WFC ) report Oct. 13 before the open. Bank of America Corp. (NYSE: BAC ) and Morgan Stanley (NYSE: MS ) follow on Oct.