Why Albertsons Plunged Today

Shares of grocery store chain Albertsons (ACI -7.44%) fell 8% on Tuesday as of 1:00 p.m. ET. Albertsons reported earnings today, and while the past quarter's results were solid, management's forward outlook for profits was well below analyst expectations.Albertsons stock had actually increased year to date, even as the overall market fell on tariff concerns and economic uncertainty. So, perhaps it was due for a pullback. Moreover, Albertsons' CEO is about to retire, which may have played a role in the conse ...