keywords: albertsons profit sales grocer drop
text: Albertsons Profit Falls  NEW YORK (Reuters) -  Albertsons Inc. &lt;A HREF="http://www.investor.reuters.com/FullQuote.aspx?ticker=ABS.N target=/stocks/quickinfo/fullquote"&gt;ABS.N&lt;/A&gt;, the  second-largest U.S. grocer, on Tuesday reported a substantial  drop in second-quarter profit due to costly promotions aimed at  reviving sales following a Southern California labor strike.