US grocery retailer Albertsons has posted a fall in quarterly profit, hit by competition from Wal-Mart and weak sales.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

The Boise, Idaho-based company reported earnings of US$162m, or 44 cents a share, for the second quarter to 31 July, compared to earnings of $257m, or 63 cents a share, a year earlier.

Analysts polled by Reuters had been expecting, on average, earnings of 42 cents a share.

The retailer’s total second-quarter sales edged up 1% to $9.05bn, while comparable store sales slid 0.9%. Identical store sales declined 1.3%.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.