Albertsons Sees More Inflation
Albertsons Cos. projected higher inflation for the rest of the year, driven by higher supply-chain and labor costs across the food industry.
The Boise, Idaho-based supermarket chain is passing through some price increases to shoppers but said it is also offering cheaper alternatives. Executives said consumers are still spending heavily on groceries as they stay at home and cook more than they did before the pandemic.
"We have not seen material change in customer behavior," Chief Executive Officer Vivek Sankaran said Monday during a call with analysts.
Food companies say they have been...
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