US grocer Albertson's has reported sales and net earnings for third quarter 2002 in line with the revised guidance it issued on 30 October. Net earnings were US$192m or $0.48 per share versus $176m or $0.43 per share for the same quarter last year. Sales on a continuing basis reached $8.7bn, versus $9bn in the third quarter of 2001. Comparable store sales for the quarter decreased 1.5%, and identical store sales declined 2.0%. Deflation during the quarter was 0.7%.