Albertsons Excludes Tariffs in Outlook, Reflecting Uncertainty

Albertsons Cos. provided an annual outlook that excluded the impact of tariffs, pointing to the difficulty of assessing the brewing trade war.

Executives for the retailer didn’t explain on the earnings call why they made that decision. The potential hit from US President Donald Trump’s trade war appears to be limited. The grocery retailer said it domestically sources more than 90% of the products it sells.

The company also hasn’t seen a big change in shopping behavior amid the uncertainty caused by the tariffs. Consumers are indicating that they will keep seeking value and finding ways to tighten their ...