Albertsons falls after co forecasts tepid annual sales, profit

Albertsons Companies

07/01/2026 14:45

** Shares of U.S. grocer Albertsons ACI.N down ~2% at $16.76

** Co narrows annual identical sales forecast, hurt by stiff competition from larger rivals offering heavier holiday discounts

** Forecasts identical sales growth in the range of 2.2% to 2.5%, compared to previous projection of 2.2% to 2.75%

** Expects adjusted net income per Class A common share in the range of $2.08 to $2.16 per share, compared to previous range of $2.06 to $2.19 per share

** ACI posts quarterly net sales of $19.12 billion, compared to analyst estimates of $19.17 billion - data compiled by LSEG

** However, reports adjusted net income of $390 million for the quarter vs estimate of $360 million

** ACI fell ~13% in 2025

 (Reporting by Koyena Das in Bengaluru)

 ((koyena.das@thomsonreuters.com))