Consumer staples companies enjoy inelastic demand for their products regardless of economic conditions. Due to its defensive nature, consumer staples stock Albertsons Companies, Inc. (ACI) has been performing relatively well amid the ongoing economic uncertainty.
The company operates food and drug retail stores across the United States. Its retail stores offer essentials, including groceries, general merchandise, health and beauty care products, pharmacy, fuel, and other items and services. In addition, it manufactures and processes food products for sale in stores.
