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Story summary
- Albertsons cut its 2026 sales outlook to a 0.5%-1.5% decline and earnings to $1.75-$1.85 per share, down from a flat-to-up 1% outlook and $2.22-$2.32 per share.
- Shares fell 21.8% to $11.40 in Thursday trading, the worst day this year.
- First-quarter net income fell to $84.7 million, 17 cents per share, while gross margin slipped to 26.6% from 27.1%.
- CFO Sharon McCollam will retire this year and serve in an advisory role through Feb. 27 2027.
