Albertsons Stock Plunges After Lowering Sales and Earnings Guidance

Albertsons' stock plummeted after the company announced it was cutting its sales and earnings guidance, citing weaker grocery spending. This news also led to a decline in Kroger's stock.

23 Jul, 13:41 — 23 Jul, 13:41

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cnbcMostly Factual17d ago

Albertsons stock plunges as it says weaker grocery spending will cut into sales and earnings

Shares of Albertsons sank Thursday after the grocer reported softness in its core business and lowered its full-year outlook as a result.

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First report: seeking-alpha · 23 Jul, 11:52|Full coverage: 2 · 2h|Window: 2h

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seeking-alpha23 Jul, 11:52First to report

Albertsons plunges after slashing guidance; Kroger also lower

2h later

cnbc23 Jul, 13:41Latest update

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Albertsons Stock Plunges After Lowering Sales and Earnings Guidance

Sources

Albertsons stock plunges as it says weaker grocery spending will cut into sales and earnings

Coverage Timeline

Albertsons plunges after slashing guidance; Kroger also lower

Albertsons stock plunges as it says weaker grocery spending will cut into sales and earnings

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