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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.
U.S. stocks traded lower midway through trading, with the S&P 500 falling over 1% on Thursday. The Dow traded down 0.92% to 51,738.04 while the NASDAQ declined 2.03% to 25,169.19. The S&P 500 also fell, dropping, 1.16% to 7,412.12. Leading and Lagging Sectors Industrials shares jumped by 2% on Thursday. In trading on T