earnings
confidence high
sentiment neutral
materiality 0.75
Albertsons Q4 adj EPS $0.79, FY adj EPS $3.37; special dividend paid; merger with Kroger progressing
Albertsons Companies, Inc.
2022-FY EPS reported
$2.27
revenue$77,649,700,000
- Q4 net sales $18.3B (+5.6% identical sales); adjusted net income $460M ($0.79/sh) vs $437M ($0.75/sh) YoY.
- Full year adjusted EBITDA $4,677M; digital sales +28%; identical sales +6.9%.
- Expects ~$200M Adjusted EBITDA headwind in FY2023 from lower COVID-19 vaccine/test revenue and uncertain economy.
- Merger with Kroger for $34.10/sh pending; special dividend of $6.85/sh ($3.9B) paid on Jan 20, 2023.
- ~97% of convertible preferred stock converted into common shares as of April 7, 2023.