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Albertsons Pulls Full-Year Guidance, Plans Business Review

Supermarket chain Albertsons suspended its fiscal 2026 financial guidance and launched a comprehensive business review following a steep decline in quarterly profit and persistent sales challenges. During the 12 weeks ended September 12, net income dropped approximately 69% to $51.5 million, while net sales slipped 0.1% to $18.89 billion. Same-store sales fell 0.8% for the quarter. Chief executive Susan Morris stated that the company must address an unsustainable cost structure. Leadership will not provide a new financial forecast until the business review concludes in the fourth quarter.

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  • ✓ Albertsons withdrew its fiscal 2026 financial guidance and launched a comprehensive business review.
  • ✓ Net income dropped about 69% to $51.5 million for the 12 weeks ended September 12.
  • ✓ Net sales slipped 0.1% to $18.89 billion during the second quarter.
  • ✓ Chief executive Susan Morris stated that Albertsons must tackle a cost structure it can no longer afford.
🛡️ Source Corroboration: 16 independent reporting domains (100% confidence) ⏱ Read time: ~2 min

What changed

Albertsons withdrew its full-year financial outlook and announced a broad business review alongside second-quarter earnings.

Live updates

  1. Albertsons Withdraws Fiscal 2026 Guidance Amid Profit Drop

    Supermarket chain Albertsons suspended its fiscal 2026 financial guidance and launched a comprehensive business review following a steep decline in quarterly profit and persistent sales challenges. During the 12 weeks ended September 12, net income dropped approximately 69% to $51.5 million, while net sales slipped 0.1% to $18.89 billion. Same-store sales fell 0.8% for the quarter. Chief executive Susan Morris stated that the company must address an unsustainable cost structure. Leadership will not provide a new financial forecast until the business review concludes in the fourth quarter.

    Why it matters

    The strategic pivot reflects broader financial pressures facing traditional grocery chains as they attempt to reverse sluggish sales and high operating costs. Albertsons aims to accelerate its turnaround efforts by cutting costs and funding lower prices to attract price-sensitive shoppers. The company chair noted that everything should be on the table during this evaluation.

    What is confirmed

    • Albertsons withdrew its fiscal 2026 financial guidance and launched a comprehensive business review.
    • Net income dropped about 69% to $51.5 million for the 12 weeks ended September 12.
    • Net sales slipped 0.1% to $18.89 billion during the second quarter.
    • Chief executive Susan Morris stated that Albertsons must tackle a cost structure it can no longer afford.
    • Same-store sales fell 0.8% for the quarter.

    What to watch next

    • The conclusion of the comprehensive business review in the fourth quarter
    • Release of any new financial forecasts or updated guidance following the review
    Sources used for this update (19)
    1. www.investing.com — Investing.com - Stock Market Quotes & Financial News
    2. Reuters — US grocer Albertsons pulls annual outlook, accelerates turnaround efforts
    3. Yahoo Finance — Albertsons hastens cost-cutting drive as sales continue to flounder
    4. Quartz — Albertsons suspends its fiscal 2026 forecast and launches a business review as profit falls
    5. WSJ — Albertsons Pulls Full-Year Guidance, Plans Business Review
    6. WSJ — Albertsons Chair Says ‘Everything Should Be on the Table’ in Turnaround Push
    7. seekingalpha.com — Patient Capital Management Q3 2026 Commentary
    8. www.esmmagazine.com — US Grocer Albertsons Pulls Annual Outlook, Accelerates Turnaround Efforts
    9. local.albertsons.com — Albertsons Locations in Wenatchee, WA | Pharmacy, Grocery ...
    10. local.albertsons.com — Grocery Store In Wenatchee, WA - Local Supermarket - Albertsons
    11. local.pharmacy.albertsons.com — Albertsons Pharmacy in Wenatchee - Free Flu Shots, COVID-19 ...
    12. www.albertsons.com — Grocery Delivery Near You - Order Groceries Online | Albertsons
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