Albertsons warned that weakening grocery consumption will drag down revenue and profits, and the stock price plummeted 23.87%
Special topic: Focus on the second quarter financial report of US stocks in 2026 Supermarket chain Albertsons disclosed that its main business operations were experiencing a downturn and lowered its full-year performance guidance. Its stock price fell sharply on Thursday. The company said that consumer spending has become more cautious and spending has shrunk, which will suppress short-term profitability. The full-year net profit per share forecast for the latest fiscal year was lowered to $1.75 to $1.85, well below the previous forecast range of $2.22 to $2.32. ' On November 24, 2025, in Redmond, Washington, the United States, consumers shop for ingredients at Albertsons supermarket before Thanksgiving. The picture shows the appearance of the supermarket. Chain store chain Albertsons has lowered its performance forecast for fiscal year 2026, citing cooling market demand and a more conservative consumer mentality. The company's stock price fell 24% on Thursday. Albertsons said it is decisively increasing investment in customer experience, hoping to reverse the growth trend. CEO Susan Morris said in the announcement: "In the first quarter of this fiscal year, the online business and pharmacy sector continued to maintain impressive growth; however, the core fresh grocery business was under increasing pressure, and the industry's overall product sales weakened, and consumers became more cautious." The United States as a whole showed signs of people reducing purchases in supermarkets, and Albertsons simultaneously lowered its performance expectations. Multiple factors such as food inflation and tight household budgets caused by high oil prices have inhibited residents' food consumption. Full-year performance guidance significantly lowered Net profit per share: latest estimate is US$1.75~1.85; previous estimate was US$2.22~2.32, a significant downward revision. Adjusted earnings before interest, taxes, depreciation, and amortization (adjusted EBITDA): latest range of $3.55 billion to $3.625 billion; previously $3.85 billion to $3.925 billion. Same-store sales: The latest forecast is for a year-on-year decline of 0.5%~1.5%; the previous forecast was for unchanged to increase by 1%. Actual financial report data for the first quarter In the first quarter of this fiscal year, the company's same-store sales fell 0.8% year-over-year; Net profit for the period was US$84.7 million, equivalent to US$0.17 per share; net profit for the same period last year was US$236.4 million, or US$0.41 per share. Morris said in an analyst conference call that consumer pressure does drag down short-term profits, but the company's long-term goal is to increase in-store customer flow, product sales, user repurchase loyalty, and steadily improve the overall operating trend.