Albertsons Withdraws Outlook After Second-Quarter Sales and Profit Fall
Albertsons withdrew its financial outlook after second-quarter sales and profit fell. Executive Chair Margaret Whitman called for faster cost cuts, lower prices and a broad business review.
Albertsons Companies Inc. (ACI) withdrew its financial outlook after sales and profit declined in the second quarter. Executive Chair Margaret Whitman called for quicker cost reductions, lower prices and a broad review of the business. 2% overnight…