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Albertsons falls as grocer forecasts annual profit below Street estimates

ReutersApr 15, 2025 11:51 AM

Shares of grocer Albertsons ACI.N down ~6% at $20.30 before the bell

Expects annual profit below estimates as American consumers turn cautious due to uncertainty from President Donald Trump's tariffs

Sees annual profit of $2.03 to $2.16 per share, compared with average analysts' estimate of $2.28, according to data compiled by LSEG

ACI says will invest more on merchandising and in stores to boost sales

Up to last close, stock had risen nearly 10% YTD

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