earnings
confidence high
sentiment positive
materiality 0.70
Albertsons Q3 sales up 8.9% to $18.2B; identical sales +7.9%; adj EPS $0.87
Albertsons Companies, Inc.
2022-Q3 EPS reported
$1.72
revenue$59,384,600,000
- Net sales $18.2B, up from $16.7B YoY; identical sales increased 7.9%.
- GAAP net income $376M ($0.20/share); adjusted net income $505M ($0.87/share).
- Adjusted EBITDA $1,158M (6.4% of sales) vs $1,051M (6.3%) last year.
- Digital sales rose 33%; loyalty members up 16% to 33 million.
- Merger with Kroger ($34.10/share) pending; special dividend $6.85/share blocked by temporary restraining order; WA Supreme Court hearing Jan 17.