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A full-year guidance reduction at Albertsons (ACI) sent shares lower Thursday, after the grocer reported softness in its core business and said weaker consumer grocery spending will cut into both sales and earnings for the year.
The update moved the stock sharply on the session. The guidance cut Albertsons lowered its full-year outlook for sales and earnings, tying the revision to a pullback in consumer grocery spending.
The company said the weakness is already present in its core business, which means the update reflects current conditions rather than a forward-looking caution alone. Both the sales and the earnings guidance moved lower.
The trim resets the consensus bar for the year. Estimates built on the prior outlook will need to come down, and how far the street adjusts will shape the next move for ACI on the tape.
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