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Why Is Grocery Giant Albertsons' Stock Price Shrinking Today?
Summary
Albertsons (NYSE: ACI) posted strong Q4 sales but weak margins. Revenue reached $18.80 billion, topping estimates, driven by a 2.3% rise in identical sales and 24% digital growth. Despite the sales beat, operating income plunged 35%. For FY25, the grocer expects EPS to be below the analyst forecasts.
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Read Full ArticleArticle published on April 15, 2025 by benzinga