By Sam Silverstein
Source: Grocery Dive
Albertsons’ top executives made clear during the call that the retailer needs to quickly take drastic action to reverse its sagging results.
In addition to slashing costs and streamlining operations, Albertsons needs to lower prices and enhance the store experience while increasing traffic and market share, newly appointed Executive Chair Meg Whitman said. The retailer also must focus on improving its comparable-store sales and revenue while boosting its stock price, which is off by about a quarter since the start of 2026, Whitman added.
“Albertsons must become a simpler, more focused company that gets the basics right every day,” said Whitman, who assumed her role last month. “I joined Albertsons because I believe the company has greater potential than its results have reflected, but dramatic improvement is needed now. Albertsons must move faster to change the trajectory of the business.”