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Albertsons stock plunges as it says weaker grocery spending will cut into sales and earnings
Albertsons shares plummeted after the company slashed its annual forecasts, citing cautious grocery spending by consumers.
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Albertsons shares plummeted after the company slashed its annual forecasts, citing cautious grocery spending by consumers.
Major grocery retailers are aggressively adjusting price points as inflation-conscious consumers shift their spending habits.