The post Albertsons Shares Soar After Grocer Raises Sales And Profit Outlook appeared on BitcoinEthereumNews.com. Topline Albertsons stock soared Tuesday after the grocery company reported its second quarter earnings, raising its sales and profit outlook alongside a jump in digital sales. Albertsons reported second quarter earnings Tuesday morning. (Photo by Mario Tama/Getty Images) Getty Images Key Facts Albertsons’ shares rocketed 14.4% to $19.41 as of 2:40 p.m. EDT, reaching its highest point since early September. Albertsons boosted its full-year adjusted earnings guidance from $2.03 to $2.16 a share up to $2.06 to $2.19 a share. The grocer also raised the bottom-end of its sales guidance, increasing to projected growth between 2.2% and 2.75% (up from 2.0% to 2.75%), citing strong growth in pharmacy sales. Digital sales jumped 23%, contributing to $18.9 billion in net sales, up from $18.5 billion year-over-year. Get Forbes Breaking News Text Alerts: We’re launching text message alerts so you’ll always know the biggest stories shaping the day’s headlines. Text “Alerts” to (201) 335-0739 or sign up here. Contra The jolt follows a rough stretch for the grocer’s stock, which tumbled three months straight after reaching its second-highest point of the year ($22.74) in July. Its 52-week high came in early April, when the stock traded as high as $23.20. Tangent Albertsons also announced an accelerated buyback with JPMorgan Chase Bank to purchase $750 million of company shares. The agreement will raise Albertsons’ share-repurchase program from $2 billion to $2.75 billion. Big Number 90%. That is the share of Americans who reported being stressed about the cost of groceries, according to a poll from the Associated Press-NORC Center for Public Affairs Research in July. Key Background Albertsons’ shares are down 3.8% so far this year and slid throughout the summer, with JPMorgan analysts citing grocery competition, according to The Wall Street Journal, which noted Amazon’s growing grocery delivery service and price cuts… The post Albertsons Shares Soar After Grocer Raises Sales And Profit Outlook appeared on BitcoinEthereumNews.com. Topline Albertsons stock soared Tuesday after the grocery company reported its second quarter earnings, raising its sales and profit outlook alongside a jump in digital sales. Albertsons reported second quarter earnings Tuesday morning. (Photo by Mario Tama/Getty Images) Getty Images Key Facts Albertsons’ shares rocketed 14.4% to $19.41 as of 2:40 p.m. EDT, reaching its highest point since early September. Albertsons boosted its full-year adjusted earnings guidance from $2.03 to $2.16 a share up to $2.06 to $2.19 a share. The grocer also raised the bottom-end of its sales guidance, increasing to projected growth between 2.2% and 2.75% (up from 2.0% to 2.75%), citing strong growth in pharmacy sales. Digital sales jumped 23%, contributing to $18.9 billion in net sales, up from $18.5 billion year-over-year. Get Forbes Breaking News Text Alerts: We’re launching text message alerts so you’ll always know the biggest stories shaping the day’s headlines. Text “Alerts” to (201) 335-0739 or sign up here. Contra The jolt follows a rough stretch for the grocer’s stock, which tumbled three months straight after reaching its second-highest point of the year ($22.74) in July. Its 52-week high came in early April, when the stock traded as high as $23.20. Tangent Albertsons also announced an accelerated buyback with JPMorgan Chase Bank to purchase $750 million of company shares. The agreement will raise Albertsons’ share-repurchase program from $2 billion to $2.75 billion. Big Number 90%. That is the share of Americans who reported being stressed about the cost of groceries, according to a poll from the Associated Press-NORC Center for Public Affairs Research in July. Key Background Albertsons’ shares are down 3.8% so far this year and slid throughout the summer, with JPMorgan analysts citing grocery competition, according to The Wall Street Journal, which noted Amazon’s growing grocery delivery service and price cuts…