Retailers Issue Dim Outlooks

A flurry of sales and earnings forecast revisions by food retailers during the last 10 days slammed industry stocks and raised more questions about how the inflationary environment is altering consumers' shopping habits. Safeway, Supervalu, Delhaize and Costco all tempered their near-term outlooks for growth in either sales or profits, or both. Everyone is saying the same thing that customers are

A flurry of sales and earnings forecast revisions by food retailers during the last 10 days slammed industry stocks and raised more questions about how the inflationary environment is altering consumers' shopping habits.

Safeway, Supervalu, Delhaize and Costco all tempered their near-term outlooks for growth in either sales or profits, or both.

“Everyone is saying the same thing — that customers are changing their behavior, and that is having an impact,” said Meredith Adler, a

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