Albertsons falls after forecasting tepid annual sales, profit

Albertsons Companies

07/01/2026 15:53

Updates

** Shares of U.S. grocer Albertsons Companies ACI.N down ~7% at $15.94 in early trading

** Co forecasts lower annual identical sales after disruption in SNAP benefits; warns of hit to pharmacy business from drug price renegotiations

** Expects identical sales growth between 2.2% and 2.5% vs. previous projection of 2.2% to 2.75%; analysts expected 2.53% growth - data compiled by LSEG

** Forecasts adjusted net income between $2.08 and $2.16 per Class A common share vs. previous forecast of $2.06 to $2.19

** Posts Q3 net sales of $19.12 billion vs. analyst estimates of $19.17 billion

** ACI fell ~13% in 2025

(Reporting by Koyena Das and Sanskriti Shekhar in Bengaluru)

((koyena.das@thomsonreuters.com))