Albertsons' Digital Sales Triple as Grocer Beats Wall Street's Forecast
Supermarket chain Albertsons (NYSE: ACI) saw revenue jump 11% to $15.76 billion in the second quarter as the coronavirus pandemic keeps consumers out of restaurants and in their own kitchens cooking dinner.
The recently public grocer said same-store sales soared 13.8% and its digital sales rocketed 243% higher from the year-ago period. Analysts had expected Albertsons to generate $15.6 billion in sales.
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Source Fool.com
