Albertsons Lowers Fiscal 2026 Sales and Profit Outlook
Albertsons reduced its fiscal 2026 sales and profit forecasts following a significant drop in first-quarter earnings, causing Albertsons stock to fall over 20%. The company now expects identical sales growth between -0.5% and +1.5%, down from previous guidance of flat to up 1%, with adjusted EPS lowered to $1.75–$1.85.
Topics: grocery guidance_revisions retail stock_drop