ALBERTSON'S NET OFF; CITES INTEGRATION OF AMERICAN

BOISE, Idaho -- Albertson's here said last week the ongoing integration of American Stores Co. resulted in "a lot of indigestion" for the third quarter and 39 weeks ended Oct. 28 -- the first reporting period since the completion of the American Stores merger last June.After posting earnings declines for both periods, the company said it has "a lot of work to do over the next six to 12 months" but

BOISE, Idaho -- Albertson's here said last week the ongoing integration of American Stores Co. resulted in "a lot of indigestion" for the third quarter and 39 weeks ended Oct. 28 -- the first reporting period since the completion of the American Stores merger last June.

After posting earnings declines for both periods, the company said it has "a lot of work to do over the next six to 12 months" but believes it is positioned for long-term success. Securities analysts contacted by SN sa

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