Albertsons Companies Inc Class A

ACI: XNYS (USA)
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Albertsons Earnings: Gross Margins Pressured by Value-Seeking Consumers and Food Inflation

Albertsons' first-quarter identical sales increased 2.8%, led by pharmacy (up 20%) and e-commerce (up 25%). But shares drifted 5% lower during July 15 trading, as gross margins decreased to 27.1% from 27.8%, driven by continued promotional investment.

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