Albertsons Shares Plunge 15% After Cutting Fiscal 2026 Earnings Guidance

On Thursday, Albertsons shares plunged 15% after the company cut its fiscal 2026 earnings guidance, citing softer consumer demand and scaled-back grocery spending. The grocer now expects net income between $1.75 and $1.85 per share, down from a previous projection of $2.22 to $2.32 per share. Adjusted EBITDA guidance was lowered to $3.55-$3.625 billion from $3.85-$3.925 billion, while identical sales are now expected to decline 0.5% to 1.5%, compared to a prior forecast of flat to up 1%. CEO Susan Morris attributed the weakness to softer industry trends and "a more cautious consumer" amid food inflation and higher gas prices.
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