✉news BusinessBusiness first seen 1 d ago, last 1 d ago, peak #19
Albertsons suspends full-year forecasts amid business review
Original: US grocer Albertsons suspends full-year forecasts amid business review
US supermarket chain Albertsons has withdrawn its full-year financial guidance as it conducts a business review. The grocer is holding off on issuing new forecasts until the review is complete, leaving investors without a clear outlook for sales and earnings. The move adds to uncertainty around the company's direction following the collapse of its proposed merger with Kroger.
Why now: Investors are reacting to the sudden withdrawal of earnings guidance from one of the largest US grocery chains.
Evidence
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