Grocery Giant Albertsons Q3 Sales Grow As Pharmacy Products Shine; Boosts Annual Earnings Outlook

Albertsons Companies Inc (NYSE:ACI) shares are trading higher premarket on Wednesday after the company reported third-quarter earnings. The company’s sales increased 1.2% year over year to $18.774 billion, missing the analyst consensus estimate of $18.820 billion. The increase was driven by 2.0% increase in identical sales, with strong growth in pharmacy sales being the primary driver of the identical sales increase. Identical sales increased 2% and digital sales grew 23%. Gross margin rate cont

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Yahoo! Finance: ACI News

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