Albertsons suspends full-year forecasts amid business review
ACI•Albertsons withdrew its fiscal 2026 forecasts as it reviews its strategy, costs and business portfolio. Second-quarter same-store sales fell 0.8%, while adjusted profit was 36 cents per share, above estimates of 33 cents.
1. Forecasts withdrawn
Albertsons withdrew its fiscal 2026 forecasts on Tuesday as it reviews its strategy, cost structure and business portfolio. CEO Susan Morris said the review is intended to accelerate performance improvements and address costs the company can no longer afford.
2. Review timeline
The company expects to complete the review by the fourth quarter ending February 2027 and plans to provide a fresh financial framework and comprehensive turnaround plan by its fourth-quarter earnings call.
3. Quarterly results
Albertsons reported a 0.8% decline in second-quarter same-store sales and adjusted profit of 36 cents per share, beating estimates of 33 cents. Its withdrawn fiscal 2026 forecast had called for adjusted earnings per share of $1.75 to $1.85 and identical-sales declines of 0.5% to 1.5%.
