Add as a preferred source on GoogleAlbertsons Pulls Fiscal 2026 Guidance as It Begins Turnaround Review
The grocery retailer is reviewing its business after second-quarter earnings declined, while higher digital-sales delivery and handling costs pressured margins.
Albertsons Companies pulled its fiscal 2026 guidance Tuesday as the grocery retailer began a comprehensive business review following a sharp decline in second-quarter earnings.
The company’s results were pressured by higher delivery and handling costs tied to digital sales growth, which compressed gross margins. Albertsons did not provide updated fiscal 2026 guidance as it started the review.
The review follows ACI Edge, an operating-structure realignment that consolidated the company’s divisions. Albertsons is using the initiative as part of its broader turnaround effort.
The guidance withdrawal comes as the company reports its latest quarterly results, following earlier expectations for weaker second-quarter earnings.
John Kim
John Kim reports on the digital-asset business for TokenPost. Send corrections or tips to info@tokenpost.com.