Albertsons' Digital Sales Triple as Grocer Beats Wall Street's Forecast

Rich Duprey, The Motley Fool
·2 min read
Albertsons' Digital Sales Triple as Grocer Beats Wall Street's Forecast
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.