By Owen Tucker-Smith

Economic jitters have consumers looking for more ways to save, Albertsons executives said.

"Customers in general are thinking about their budgets and how to optimize them, maybe eating out less," said Susan Morris, the supermarket chain's chief operating officer.

Morris, who is due to become chief executive next month, told investors that the grocer's promotional volume is up.

While the company hasn't seen a dramatic shift in consumer behavior, SNAP customers-or those who use the food-stamp program-are feeling more pressure, Morris said.

Albertsons stock fell nearly 7% in Tuesday morning trading, after it gave an outlook that missed Wall Street expectations.

Morris said Albertsons sources more than 90% of products from within the U.S., but has launched a task force to monitor tariff news. She said even domestically sourced products could contain imported ingredients, potentially affecting pricing.

"The situation is very fluid," she said. "We've got some very good plans in place to help mitigate the impacts accordingly."

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April 15, 2025 10:06 ET (14:06 GMT)

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