BOISE, Idaho -- Albertsons here sneezed last week and much of the industry felt a chill. In the late hours of Oct. 30, Albertsons said it was revising its earnings expectations for the third quarter (which ended the next day) down 5% to 10% below its previous guidance as a result of "a steeper-than-expected sales decline." The announcement sent not only Albertsons' stock into a tailspin (declining 19.2% to $22.17 in the course of trading on Oct. 31), but also appeared to have affected the ...

REGISTER TO VIEW THIS ARTICLE - Register for a Free Account

Why Register for FREE?

Registering for content on Supermarket News will give you INSTANT access to invaluable articles and media content that industry professionals rely on. You will have access to our special reports, feature articles, and industry analysis. It’s FREE, easy and quick.  What are you waiting for! In addition you will also receive a complimentary copy of SN's salary survey sent to you by email.

Click here to read the FAQ page if you have any questions (opens in a new window)

Attention Paid Print Subscribers:  While you have already been granted free access to SN we ask that you register now. We promise it will only take a few minutes! Or visit your profile and add your print magazine account number and zip code.

Already registered? here.