Albertsons Stock Plunges After Weaker Grocery Spending Cuts Sales Outlook
Guidance·2 articles across 2 outlets
Story updated Rewritten when the story materially grows; the wire is checked every 15 minutesAbout this data
Shares of Albertsons sank Thursday after the grocer reported softness in its core business and lowered its full-year outlook as a result.
Consumer weakness is cited as the reason for the grocery giant's decision to slash its outlook, impacting both sales and earnings.
Albertsons
Sources
Every quote below is verbatim from the article it is attributed to.
SourceReports the news
“Shares of Albertsons sank Thursday after the grocer reported softness in its core business and lowered its full-year outlook as a result.”
CNBC — Albertsons stock plunges as it says weaker grocery spending will cut into sales and earnings“Albertsons Stock Is Plunging After the Grocery Giant Slashed Its Outlook. Consumer Weakness Is to Blame.”
Yahoo Finance — Albertsons Stock Is Plunging After the Grocery Giant Slashed Its Outlook. Consumer Weakness Is to Blame.