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Albertsons Stock Plummets Amid Economic Pressure | Durham News
Albertsons’ stock plummets as shoppers cut back, forcing a 21% profit forecast slash — driven by lower-income customers switching to store brands and cheaper meats. The CFO’s exit adds uncertainty, while digital sales rise and pharmacies thrive, but online’s lower margins hurt overall profits. The company’s restructuring and price moves will be watched closely to see if they can reignite spending without bleeding cash. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:advertise@thednn.ai This is an automated, high-level news summary based…
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