Albertsons Suspends Full-Year Forecast Amid Business Review
Albertsons said it is reviewing its business to improve performance.
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11:41:46 AM UTC
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OverviewOutlookResult DriversCompany press release:Key Details*Applies to a deviation of less than 1%; not applicable for per-share numbers.Analyst CoverageReuters Recommended ReadsFor questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedb…
11:57:12 AM UTC
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Kelly CloonanAlbertsons has pulled its full-year outlook as it looks to establish a turnaround plan to shore up sluggish results.The move came as the grocery store chain reported lower second-quarter profit and sales. Chief Executive Susan Morris said that while the results were in line with Albert…
11:57:38 AM UTC
SquawkNews
Albertsons NYSE:ACI withdrew its fiscal 2026 forecasts on Tuesday as the grocer reviews its strategy, cost structure and portfolio of businesses as part of a turnaround effort.Shares of the company were down nearly 4% premarket. They have fallen 27% this year.Albertsons has been facing cautious con…
Albertsons (NYSE: ACI) suspended its full-year forecast on Tuesday, saying it is reviewing its business to improve performance.