Albertsons Q2 Sales Rise, But CEO Expects Competitive And Margin Pressure In 2024

Albertsons Companies Inc (NYSE:ACI) reported second-quarter sales growth of 1.43% year-over-year to $18.55 billion, beating the consensus of $18.48 billion. The 2.5% rise in identical sales, led by pharmacy growth, and a 24% increase in digital sales boosted revenue, though lower fuel sales partially offset gains. Loyalty members for the quarter increased by 15% to 43 million. The gross margin rate was flat year-over-year at 27.6%. The operating margin was 1.6%, down 91 bps, and operating income

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Yahoo! Finance: ACI News

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