Albertsons lowered its full-year profit guidance, sending shares down sharply after reporting a 0.2% revenue rise to $24.9B in Q1.
Albertsons Companies (ACI) slashed its full-year profit outlook, triggering a sharp decline in its shares during early trading. The grocery chain reported fiscal first-quarter revenue of $24.9B, a modest 0.2% increase from the prior year, driven by higher sales volumes offset by pricing pressures.
The revised guidance reflects weaker-than-expected margins and rising costs. Consensus estimates had projected stronger earnings growth, following a year of elevated food inflation. Kroger (KR) also lowered its forecast earlier this week, signaling broader challenges in the grocery sector.
Markets reacted negatively, with ACI shares falling over 10% in premarket trading. The downgrade adds to concerns about consumer spending resilience amid economic uncertainty.