text: California Strike Hits Albertsons' Profit  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 No. 2  U.S. grocer, on Tuesday reported a substantial drop in its  quarterly profit as heavy promotions to revive its Southern  California sales after a strike bit into its profit.