Albertsons Q2 net income $267M ($0.46/sh); adj. EBITDA $977M, down from $1,049M YoY

Albertsons Companies, Inc.

2023-Q2 EPS reported $1.18 revenue$42,340,900,000

Identical sales +2.9%; digital sales +19% to 37.4M loyalty members.
Net sales $18.3B vs $17.9B YoY; gross margin 27.6% down 30 bps on pharmacy mix and shrink.
Adjusted net income $368M ($0.63/sh) vs $418M ($0.72/sh) YoY; COVID vaccine/test kit headwind $75M for H2.
Capital expenditures $1,084M in H1; 80 remodels, 3 new stores, digital investments.
Kroger merger on track; C&S store sale agreement signed Sep 8; spin-off no longer pursued.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Albertsons Companies, Inc. reported second quarter of fiscal 2023, which ended September 9, 2023 results: revenue $18.3 billion, net income $266.9 million, or $0.46 per share, EPS $0.46 per share.

Period: second quarter of fiscal 2023, which ended September 9, 2023
Revenue: $18.3 billion
Net income: $266.9 million, or $0.46 per share
EPS: $0.46 per share
Result: reported results

Exact text from the filing

We continue to partially offset these headwinds with the benefits of our productivity initiatives." Second Quarter of Fiscal 2023 Results Net sales and other revenue was $18.3 billion during the 12 weeks ended September 9, 2023 ("second quarter of fiscal 2023") compared to $17.9 billion during the 12 weeks ended September 10, 2022 ("second quarter of fiscal

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Albertsons Companies, Inc. filing history →

Source: SEC EDGAR

accession 0001646972-23-000071

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