Grocer Albertsons forecasts annual sales below estimates
14/04/2026 12:35
April 14 (Reuters) - Albertsons ACI.N forecast its annual sales below Wall Street estimates on Tuesday, pointing to pressure on demand from fierce competition with bigger rivals rolling out heavier discounts. The company expects fiscal 2026 identical sales growth in the range of flat to 1% rise, compared with analysts' average estimate of a 1.58% increase, according to data compiled by LSEG. (Reporting by Sanskriti Shekhar in Bengaluru; Editing by Shilpi Majumdar) ((Sanskriti.Shekhar@thomsonreuters.com))
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