Albertsons Stock Sinks as Grocer Issues Soft Full-Year Profit Outlook

Shares of Albertsons (

ACI

) fell sharply Tuesday, a day after the supermarket chain reported a weaker-than-expected profit outlook for fiscal 2025.

The Boise, Idaho-based company posted fiscal 2024 fourth-quarter adjusted
earnings per share (EPS)
of $0.46 on sales of $18.80 billion. Analysts polled by Visible Alpha expected $0.40 and $18.65 billion, respectively.

However, Albertsons’ full-year adjusted EPS projection of $2.03 to $2.16 missed consensus projections of $2.28.

Shares of Albertons, which last month announced that CEO Vivek Sankaran would be retiring May 1 and replaced by
COO
Susan Morris, were down over 6% in Tuesday morning trading.

Albertsons stock is up modestly since its $24.6 billion combination with Kroger (

KR

)
was called off in December
, when a pair of judges sided with the
Federal Trade Commission
and ruled that their merger
likely would have resulted
in lower wages and
higher prices
.

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