Skip to main content
See every side of every news story
Published loading...Updated

US grocer Albertsons cuts annual sales, profit forecasts; shares drop 20%

The grocer said softer demand and heavier value investments will pressure earnings as it shifts to four regional units and centralizes merchandising.

Summary by WTVB
July 23 (Reuters) - Albertsons cut its annual identical sales and profit forecasts on Thursday, as U.S. ​grocers navigate cautious spending by ‌consumers struggling with higher gas and food prices, sending its shares plunging 20% in premarket trading. ...

9 Articles

Think freely.Subscribe and get full access to Ground NewsSubscriptions start at $9.99/yearSubscribe

Bias Distribution

  • 50% of the sources lean Left
50% Left

Factuality Info Icon

To view factuality data please Upgrade to Premium

Ownership

Info Icon

To view ownership data please Upgrade to Vantage

The spokesman-Review broke the news in Spokane, United States on Thursday, July 23, 2026.
Too Big Arrow Icon
Sources are mostly out of (0)

Similar News Topics

News
Feed Dots Icon
For You
Search Icon
Search
Blindspot LogoBlindspotLocal