ACI Benefits from Consumers "Trading Down" in "Low Quality" Earnings Beat
Description
Katherine Black calls Tuesday's earnings rally in Albertsons (ACI) a relief for investors. She says consumers are using groceries more to cook at home instead of eating out at restaurants over fears of rising costs. That said, Arun Sundaram calls the beat "low quality" due to risk factors against margins in its core grocery business, even as it sees an uptick in ecommerce.
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