India, July 23 -- While reporting financial results for the first quarter on Wednesday, food and drug retailer Albertsons Cos., Inc. (ACI) slashed its adjusted income and identical sales growth guidance for the full-year 2026.
For fiscal 2026, the company now projects adjusted earnings in a range of $1.75 to $1.85 per share on identical sales decline of 1.5 to 0.5 percent.
Previously, the company expected adjusted earnings in the range of $2.22 to $2.32 per share on identical sales growth of 0.0 to 1.0 percent.
The Company also announced ACI Edge, an operating structure realignment designed to accelerate execution, increase accountability and more effectively leverage its scale. As part of the realignment, the Company consolidated its 11...