Stock in Albertsons Cos. dropped on Monday as the supermarket chain disclosed strong fourth-quarter earnings but predicted a decline in sales at stores open at least a year.
Albertsons (ticker: ACI) said it lost $144.2 million, or 37 cents a share, compared with earnings of 12 cents a share in the year-earlier period. On an adjusted basis, excluding nonrecurring items like tax effects, amortization, and the chain’s withdrawal from a pension fund, earnings were 60 cents a share.
Revenue…
