Albertsons Presses Reset Button as Inflation Presses Its Customers
Grocery giant Albertsons is planning an extensive overhaul as inflation continues to hinder consumer spending. The company released quarterly earnings Tuesday (Oct. 13) showing a sales dip of 0.8%, and said it was pausing its financial guidance as it undertakes a sweeping business review. “Sales and earnings growth have not met our expectations,” Meg Whitman, Albertsons’ recently appointed…
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