Albertsons Raises Outlook on Pharmacy, Digital Growth

Albertsons reported fiscal first-quarter revenue of $24.88 billion, exceeding analyst expectations, with comparable sales up 2.8% driven by strong pharmacy performance and a 25% increase in digital sales. The company raised its annual identical sales growth forecast to 2% to 2.75%, reflecting consumer demand for groceries and medications amid continued economic uncertainty. Profits and gross margins were slightly lower due to increased pharmacy sales and higher digital fulfillment costs. Albertsons also benefited from reduced overhead as merger-related costs declined. The company's competitive pricing and focus on essential goods have allowed it to outperform much of the retail sector. Strategic investments in digital platforms and value initiatives continue to underpin its growth.