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Benzinga
Benzinga
Business
Nabaparna Bhattacharya

Albertsons Profit Falls In Q2, Sets $1.5 Billion Savings Goal

Albertsons ACI Albertsons Companies Inc
Albertsons Companies Inc.

Albertsons Companies Inc. (NYSE:ACI) reported better-than-expected first-quarter earnings and sales Tuesday morning, but shares remained relatively flat amid margin pressure and a dip in cash reserves.

The company registered quarterly adjusted earnings per share of 55 cents, beating the analyst consensus estimate of 53 cents.

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