Albertsons up after quarterly results beat, launch of business review

** Shares of US grocer Albertsons ACI.N up ~1% at 12.66 in morning trading

** Co beats second-quarter profit estimates, helped by its cost-saving efforts

** The grocer also launched a review ‌of its business aimed at cutting costs, lowering prices and reversing sluggish sales

** Reports quarterly adjusted EPS of 36 cents, beating analysts' estimates of 33 cents - data compiled by LSEG

** Posts Q2 revenue of $18.89 billion, also beating expectations of $18.97 billion

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

** Posts Q2 same-store sales decline of 0.8%

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