Albertsons (ACI) reported fiscal Q1 adjusted earnings Thursday of $0.42 per diluted share, down from $0.55 a year earlier.
Analysts polled by FactSet expected $0.53.
Net sales and other revenue for the quarter ended June 20 were $24.94 billion, compared with $24.88 billion a year earlier.
Analysts expected $24.83 billion.
The company said it now expects fiscal 2026 adjusted EPS of $1.75 to $1.85, compared with its prior outlook range of $2.22 to $2.32. Analysts are looking for $2.27.
Albertsons shares were down 17% in premarket activity.
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