Albertsons Shares Soar 14% After Grocer Raises Sales And Profit Outlook
1. Albertsons shares rose 14.4% after strong Q2 earnings reported. 2. Company raised full-year earnings guidance to $2.06-$2.19 per share. 3. Digital sales increased by 23%, contributing to $18.9 billion in net sales. 4. Accelerated share buyback program increased from $2 billion to $2.75 billion. 5. Grocery prices are predicted to rise by 2.4% in 2025 amid competition.