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Albertsons reported Q2 fiscal 2026 identical sales down 0.8%, adjusted EBITDA of $784 million and adjusted EPS of $0.36 per share. The company is targeting $2 billion in cost savings over the next three years and said it is reviewing its portfolio and potential strategic actions.
Third-quarter earnings season starts Tuesday with the largest U.S. banks. JPMorgan Chase & Co. (NYSE: JPM ), Goldman Sachs Group Inc. (NYSE: GS ), Citigroup Inc. (NYSE: C ) and Wells Fargo & Co. (NYSE: WFC ) report Oct. 13 before the open. Bank of America Corp. (NYSE: BAC ) and Morgan Stanley (NYSE: MS ) follow on Oct.
Walmart is set to report second-quarter results Thursday before the market open, with analysts expecting $186.8 billion in revenue and 74 cents per share.
U.S. stocks traded lower midway through trading, with the S&P 500 falling over 1% on Thursday. The Dow traded down 0.92% to 51,738.04 while the NASDAQ declined 2.03% to 25,169.19. The S&P 500 also fell, dropping, 1.16% to 7,412.12. Leading and Lagging Sectors Industrials shares jumped by 2% on Thursday. In trading on T