Albertsons Companies initiates business review and turnaround strategy
ACI Albertsons Companies Inc
$12.72 +1.44%
View chart & analysis → - 1Albertsons Companies is starting a comprehensive business review and turnaround strategy as second-quarter results fell short of management expectations.
- 2Albertsons Companies recorded a 0.8% decrease in comparable store sales for the second quarter.
- 3Albertsons Companies recorded an adjusted EBITDA of $784 million for the second quarter.
So what's the key point?
Albertsons Companies' second-quarter results were lower than what management expected. As a result, the company has decided to review its business and create a plan to turn things around.
Source Nasdaq +1 · View original ↗
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