The second-largest supermarket chain in the country is continuing to face declining revenue figures, four years after exiting what would have been a historic merger deal.
In its most recent earnings call, the Boise, Idaho-based Albertsons Companies reported that its sales are off by just under 1% as of the end of the second quarter of this year.
That decline marks the second time in 2026 that the company has posted a sales decline: earlier this year, Albertsons reported a similar loss at the end of its first quarter.
In a statement, Meg Whitman, Albertson’s executive chairperson, remarked: “Our performance has fallen short. Everything should be on the table as we figure out how Albertson’s should be structured to better compete in the years ahead.”
Susan Morris, chief executive officer of the company, stated the recent numbers “do not reflect the potential of the company.”
Added Morris: “We are launching a comprehensive business review to speed up improvements in Albertson’s performance and tackle even harder a cost structure we can no longer afford.”
Founded in 1939, Albertson’s has long been a major presence in the West with stores in Arizona, Colorado, Idaho, Montana, Nevada, New Mexico, Texas, Utah, and Wyoming.
In late 2024 the company announced it was terminating a merger agreement with the Kroger Company and suing the latter concern for a breach of contract.
Ever since that deal fell through, Albertsons has tried to recalibrate its market position, while closing some underperforming stores in the process. Even so, notes the Wall Street Journal, the “company’s stock is down about 26% so far this year, and is on pace for its worst year since 2022.”
In recent months Albertsons has closed upwards of a dozen stores nationally, with four locations shut down in California, Nevada, and Texas.
But not all of the news coming out of the chain has been on the down side: just days ago the company announced plans to build a new 51,000-square-foot store in San Diego County’s Valley Center.
The anouncment of the new California store follows news that the company is also building a 60,000-square-foot outlet in Caldwell, Idaho.
October 15, 2026
By Garry Boulard
Photo courtesy of Pixabay
