Investing.com - Albertsons reported on Tuesday second quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Albertsons announced earnings per share of $0.72 on revenue of $17.90. Analysts polled by Investing.com anticipated EPS of $0.64 on revenue of $17.67B.
Albertsons shares are down 12.45% from the beginning of the year and are trading at $26.70 , down-from-52-week-high.
Albertsons shares gained 1.02% in pre-market trade the report.
Albertsons follows other major Consumer Staples sector earnings this month
Albertsons's report follows an earnings beat by PepsiCo on Wednesday, October 12, 2022, who reported EPS of $1.97 on revenue of $21.97B, compared to forecasts EPS of $1.84 on revenue of $20.83B.
Costco had beat expectations on Thursday, September 22, 2022 with fourth quarter EPS of $4.2 on revenue of $72.09B, compared to forecast for EPS of $4.17 on revenue of $70.8B.
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