PomegraAlbertsons Stock Rises 1.4% After Guidance Withdrawal
Why did Albertsons stock rise 1.4%?
Albertsons (ACI) stock rose 1.4% to $12.72 on Tuesday after the grocer withdrew its 2026 forecast and launched a business review to cut costs and prices, reversing early losses.
Key numbers
| Adjusted EPS (profit per share) | $0.36+$0.03 vs estimate |
|---|---|
| Revenue | $18.89B-0.1% YoY |
| Same-store sales | -0.8%vs prior year |
| Net income | $52Mfrom $169M a year ago (per [2]) |
| Share price | $12.72+1.44% on Tuesday; -27% YTD |
| Withdrawn 2026 EPS target | $1.75-$1.85set in July, now pulled |
What happened
Albertsons (ACI) stock rose 1.4% to $12.72 on Tuesday after the grocer withdrew its 2026 forecast and launched a business review to cut costs and prices, reversing early losses. It beat profit forecasts, earning an adjusted 36 cents a share versus 33 cents expected, though sales slipped 0.1% to $18.89 billion. Profit fell to $52 million from $169 million a year earlier. No new outlook will come until the review ends in the quarter finishing February 2027.
Why it matters
Albertsons is a large US grocery chain, and it says its costs are too high to keep up with rivals like Walmart on price. Executive Chair Meg Whitman said it must cut costs faster and use much of the savings to lower prices. If it follows through, shoppers could see cheaper groceries, while the company's profits and its competitors' pricing could come under pressure.
Who this affects
- MarketneutralLow impact
- Investors lose a yearly profit target; shares still edged higher.
- CompanybearishMedium impact
- Albertsons faces a cost reset after profit fell sharply.
- CompetitorsmixedLow impact
- Walmart and Kroger may face tougher grocery price competition.
- IndustrymixedMedium impact
- Shoppers may gain lower prices; grocer margins may shrink.
Albertsons vs Kroger, Walmart, Costco
How we got here
Albertsons announces restructuring and sets 2026 EPS target of $1.75-$1.85.
Albertsons' second quarter ends.
Albertsons pulls 2026 outlook, launches business review; shares close up 1.4%.
What to watch
- Trial over Kroger's $600M merger break-up fee set to begin (per).2026-10-19
- Updated financial targets and turnaround plan due with fiscal fourth-quarter results.Fiscal Q4 2026
- Investor day planned, where Albertsons may detail cost and price plans.Spring 2027
Educational content only. Not investment advice.
More briefsAll briefs →
Flex Stock Falls 7% on Axiom Spin-Off Valuation Doubts
Flex (FLEX) fell to about $109 as investors balked at a $37.5B value for its Axiom cloud and power unit.
Caterpillar Stock Falls 3.3% on Analyst Cuts, FTC Inquiry
Caterpillar (CAT) is now about 28% below its June high as valuation worries and a farm-equipment inquiry weigh.
Treasury Yields Fall to 5.22% After Fed Rate-Hike Signal
The 10-year yield (^TNX) slipped 2.5 basis points as Williams saw no need for more Fed hikes in 2027.