Albertsons warns of competition from larger retailers but downplays tariff impact
Albertsons Cos.’ stock slid on Tuesday after the grocery chain’s outlook lagged Wall Street’s expectations and the company warned of competition from bigger rivals, as retailers battle for shoppers feeling the effects of inflation and an escalating trade war.
Albertsons Cos.’ stock slid on Tuesday after the grocery chain’s outlook lagged Wall Street’s expectations and the company warned of competition from bigger rivals, as retailers battle for shoppers feeling the effects of inflation and an escalating trade war.
