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Home›Earnings›Results›Albertsons shares fall after weaker grocery spending o…

Albertsons shares fall after weaker grocery spending outlook

The grocer warned that softness in its core business will weigh on sales and earnings and cited that risk in its full-year outlook.

Reported · Written up by our desk · Results

Albertsons shares fell sharply after the company said weaker grocery spending is hurting its core business.

CNBC Markets said the grocer also lowered its full-year outlook, linking the change to the expected impact on sales and earnings.

Investors reacted negatively to the update as the company pointed to continued softness in grocery demand.

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Sources

CNBC MarketsAlbertsons stock plunges as it says weaker grocery spending will cut into sales and earnings
CNBC EarningsAlbertsons stock plunges as it says weaker grocery spending will cut into sales and earnings

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