Albertsons warns of softer grocery demand as consumers pull back

Albertsons warns of softer grocery demand as consumers pull back

Albertsons lowered its fiscal 2026 sales and earnings outlook Thursday after weaker grocery demand and a more cautious consumer weighed on its first-quarter performance. The grocery chain now expects identical sales to decline between 0.5% and 1.5% for the full fiscal year, compared with its previous forecast of flat sales to 1% growth. Albertsons also cut its adjusted earnings forecast to between $1.75 and $1.85 per share, down from its prior r…

Albertsons Stock Is Plunging After the Grocery Giant Slashed Its Outlook. Consumer Weakness Is to Blame.

Albertsons’ sharp guidance cut underscores how cautious consumers and intensifying price competition are creating fresh headwinds, creating a downturn.