Shares of Albertsons sank Thursday after the grocer reported softness in its core business and lowered its full-year outlook as a result.
Shares of Albertsons sank Thursday after the grocer reported softness in its core business and lowered its full-year outlook as a result.
Shares of Albertsons sank Thursday after the grocer reported softness in its core business and lowered its full-year outlook as a result.
Shares of Albertsons fell sharply on July 23, opening at $12.50, down from $14.60 the previous day. The grocery chain cited weakened consumer spending as a reason for its lowered full-year outlook, leading to a midday trading price of $11.38, marking a 22% decline and a new 52-week low of $11.02.