From Yahoo Finance: 2025-04-15 10:39:00

Albertsons stock tumbled after the supermarket chain reported a weaker profit outlook for fiscal 2025. Despite posting $0.46 EPS on $18.80 billion in sales for Q4 2024, the full-year EPS projection of $2.03 to $2.16 missed expectations of $2.28. Shares dropped over 6% following the news. Albertsons’ stock has increased slightly since the failed $24.6 billion merger with Kroger in December. Judges ruled the merger would result in lower wages and higher prices. CEO Vivek Sankaran will retire May 1, being replaced by COO Susan Morris.



Read more at Yahoo Finance: Albertsons Stock Sinks as Grocer Issues Soft Full-Year Profit Outlook