Albertsons (ACI) reported fiscal Q1 adjusted earnings Thursday of $0.42 per diluted share, down from $0.55 a year earlier.

Analysts polled by FactSet expected $0.53.

Net sales and other revenue for the quarter ended June 20 were $24.94 billion, compared with $24.88 billion a year earlier.

Analysts expected $24.83 billion.

The company said it now expects fiscal 2026 adjusted EPS of $1.75 to $1.85, compared with its prior outlook range of $2.22 to $2.32. Analysts are looking for $2.27.

Albertsons shares were down 17% in premarket activity.