Quartz·1 min read·easy
Albertsons stock plunges after the grocer slashes its annual sales and profit forecasts
✦AI Summary
Albertsons stock dropped significantly after the grocery chain lowered its annual sales and profit forecasts. The company now expects identical sales to decline by up to 1.5% for the year.
The grocer now expects identical sales to decline as much as 1.5% for the year, down from a prior target of flat to up 1%
businesseconomy
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