Strike hurts Albertsons, bodes ill for competitor
If Albertsons earnings report on Friday is any indication, the strike in Southern California is having an even bigger-than-expected effect on the grocery chains.
“The strike numbers were shocking in terms of the total amount it’s costing,” said Mark Hugh Sam, who covers the grocery chains as an analyst for Morningstar.
Albertsons’ report could portend even worse results at rivals Safeway and Kroger