US grocer Albertsons set for worst day after cutting annual forecasts

Albertsons Companies

23/07/2026 15:24

Updates
** Shares of U.S. grocer Albertsons ACI.N plunge as much as 20.3% to a six-year low of $11.64
** If losses hold, stock on track for worst day on record
** Co cuts annual forecasts as it navigates cautious consumer spending amid macroeconomic uncertainty 
** Expects annual identical sales to fall in the range of 0.5% to 1.5%, from prior range of flat to 1% rise 
** Expects annual adjusted EPS in the range of $1.75 to $1.85, compared to previous forecast of $2.22 to $2.32 
** Reports Q4 revenue of $24.94 billion versus estimates of $24.82 billion, per data compiled by LSEG
** ACI separately announces CFO Sharon McCollam's plans to retire later this year
** Up to last close, stock was down nearly 15% YTD

 (Reporting by Shania S Thomas in Bengaluru)
 ((shanias.thomas@thomsonreuters.com))