Albertsons Chair Says 'Everything Should Be on the Table' in Turnaround Push -- WSJ

By Patrick Thomas

Albertsons executives are promising an overhaul at the second-largest supermarket chain in the U.S. after it pulled its annual guidance and reported lower quarterly profit and sales.

"We must also take a close look at our portfolio of banners, markets, assets and businesses, as well as potential strategic actions we can take to enhance shareholder value," said Meg Whitman, Albertsons executive chair, on a call with analysts.

Shares rose about 3%.

Albertsons, which has brands such as Safeway, Jewel-Osco and ACME, is in a tough spot. It is reeling from rising costs and cash-strapped shoppers cutting back. At the same time, it faces rising competition from discount grocers Walmart and Kroger.

CEO Susan Morris says it's trying to cut corporate costs and lower prices on its shelves. "The reality right now is that the economy is tough for many of our customers," she said.

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October 13, 2026 10:41 ET (14:41 GMT)