BUZZ - Albertsons shares rise as the company launches a business review

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October 13 - ** Shares of US supermarket chain Albertsons ACI.N rose about 2% in early trading, to $12.80

** ACI reversed its pre-market decline after holding an earnings call with analysts

**The company announced it will initiate a business review (link) aimed at reducing costs, lowering prices, and reversing weak sales performance

** Executive Chair Meg Whitman said during the earnings call that the company needs to accelerate its cost reduction efforts, and plans to reinvest most of the savings into lowering prices and improving the in-store experience

** eMarketer analyst Zak Stambor said: “Investors may be responding to Meg Whitman’s candid assessment that Albertsons needs to quicken the pace of its transformation strategy”

** ACI expects to “present a clear transformation plan and measurable commitments” during its fourth quarter earnings call

** The company, due to the ongoing business review, has withdrawn its fiscal 2026 performance forecast

** The company’s second quarter profit and revenue both beat (link) expectations

** As of the close of the previous trading day, the stock was down about 27% year-to-date

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