Refined Products
Grocer Albertsons predicts a soft sales forecast for the year as demand remains high
Albertsons' annual sales were below Wall Street estimates on Tuesday. They attributed this to the intense competition between Walmart and Amazon.com, two of its biggest rivals. The shares of the Boise-based grocery store were down by 2% during premarket trading. In 2025, they had fallen by nearly 13%. Albertsons is under pressure to lower prices as larger rivals such as Walmart, Target, and Kroger have slashed the price of essentials in order to attract 'increasingly cost-conscious shoppers. The grocery store, which also operates hundreds of gasoline stations, is at risk as the Iran conflict fuels higher gas prices and weighs...