Publisher: Grocery Dive
Published: October 13, 2026
Source: Read at Grocery Dive (https://www.grocerydive.com/news/albertsons-second-quarter-2026-earnings-turnaround-grocery-supermarkets/832830/)
Category: Food Access
Albertsons executives said layoffs and store closures in certain markets are under consideration as the grocer reported negative comparable-store sales in Q2. The result followed a similar decline in Q1, with the metric losing momentum for three consecutive quarters. Executive Chair Meg Whitman said Albertsons needs to cut costs, simplify operations, lower prices and improve the store experience. Morris said the company will take aggressive workforce action in the next 12 to 18 months, and Albertsons plans to detail its turnaround strategy during its fourth-quarter earnings call.
Why this matters: Independent grocers and food-access groups in markets where Albertsons operates may need to track potential closures and workforce reductions, since changes could affect local grocery access and competition.
This post summarizes and links to the original source. It does not reproduce the full article.