Shares of Albertsons ( fell sharply Tuesday, a day after the supermarket chain reported a weaker-than-expected profit outlook for fiscal 2025.

The Boise, Idaho-based company posted fiscal 2024 fourth-quarter adjusted earnings per share (EPS) of $0.46 on sales ♛of $18.80 billioꦉn. Analysts polled by Visible Alpha expected $0.40 and $18.65 billion, respectively.

However, Albertsons' full-year adjusted EPS projection of $2.03 to $2.16 missed consensus projections of $2.28.

Shares of Albertons, which last month announced that CEO Vivek Sankaran would be retiring May 1 and replaced by COO Susan Morris, were down over 6% in Tuesday morning trading.

Albertsons stock is up modestly since its $24.6 billion combination with Kroger (KR) 澳洲幸运5官方开奖结果体彩网:was called off in December, when a pair of judges sided with the 澳洲幸运5官方开奖结果体彩网:Federal Trade Commission and ruled that their merger 澳洲幸运5官方开奖结果体彩网:likely would have resulted in lower wages and 澳洲幸运5官方开奖结果体彩网:higher prices.