Albertsons Cuts 2026 Profit View to $1.75-$1.85, Sending Shares Down 15%
Updated
Updated · Bloomberg · Jul 23
Albertsons Cuts 2026 Profit View to $1.75-$1.85, Sending Shares Down 15%
3 articles · Updated · Bloomberg · Jul 23
Summary
Albertsons lowered its annual adjusted net income forecast to $1.75-$1.85 a share and also cut its identical-sales outlook, triggering a sharp selloff in the stock.
Softer consumer demand and a highly competitive grocery market drove the downgrade, while the company said it will accelerate investments to respond.
Shares plunged about 15% after the update, underscoring investor concern that weaker spending will pressure margins and growth.
The reduced outlook follows a weak first quarter in which identical sales fell 0.8%, highlighting the strain from cautious grocery shoppers.