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.