earnings
confidence high
sentiment neutral
materiality 0.55
Albertsons Q3 adjusted EPS $0.79 (vs $0.87); identical sales +2.9%
Albertsons Companies, Inc.
2023-Q3 EPS reported
$1.80
revenue$60,898,200,000
- Net sales $18.6B (+2.2% YoY); gross margin 28.0% vs 28.2%, pressured by pharmacy growth and shrink.
- Adjusted net income $462M ($0.79/share) vs $505M ($0.87/share); adjusted EBITDA $1,107M (6.0% margin).
- Digital sales up 21%; loyalty members up 17% to 38.5M.
- CapEx $1,535M YTD; completed 115 remodels, opened 5 new stores; merger with Kroger progressing with C&S divestiture.