(Reuters) - Albertsons missed third-quarter sales expectations on Wednesday, as intense competition from bigger retailers such as Walmart and Kroger offering heavy discounts and promotions hurt demand.
Albertsons, which has sued Kroger after the grocer terminated their $25 billion deal, saw quarterly net sales rise to $18.78 billion, from $18.56 billion a year earlier. Analysts on average were expecting $18.82 billion, according to data compiled by LSEG.
(Reporting by Ananya Mariam Rajesh in Bengaluru; Editing by Pooja Desai)