Albertsons shares up; co launches business review

** Shares of US grocer Albertsons ACI.N up ~2% at $12.80 in morning trading

** ACI reverses premarket losses following its post-earnings call with analysts

** Co says it is launching a review of its business aimed at cutting costs, lowering prices and reversing sluggish sales

** The grocer needs to move faster to cut costs and reinvest much of those savings to lower prices and improve store experience, executive chair Meg Whitman says on post-earnings call

** "Investors may be responding to Meg Whitman’s frank assessment that Albertsons needs to pick up the pace on its turnaround strategy," Zak Stambor, analyst at eMarketer says

** ACI expects to "outline a clear turnaround plan and measurable commitments" by its Q4 earnings call

** Co withdrew its fiscal 2026 forecasts as it conducts the review

** Co beats second-quarter profit and revenue estimates

** Up to last close, stock down about 27% YTD