Albertsons Q4 net income $0.43/share; adjusted net income $0.54/share; digital sales up 24%

Albertsons Companies, Inc.

2023-FY EPS reported $2.23 revenue$79,237,700,000

Net income $250.5M ($0.43 EPS); adjusted net income $318.0M ($0.54 EPS); vs prior year Q4 adj. net income $459.7M ($0.79 EPS).
Identical sales +1.0%; digital sales +24%; loyalty members 39.8M (+16% YoY).
Adjusted EBITDA $915.8M vs $1,050.2M in prior year Q4; gross margin 28.0% (down 58bps ex-fuel & LIFO).
Capital expenditures $2.03B in FY2023; completed 150 remodels and opened 6 new stores.
CEO expects stronger headwinds in H1 FY2024 from wage investments, lower food inflation, and declined COVID-related income.

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 0.9

Albertsons Companies, Inc. reported the 12 and 52 weeks ended February 24, 2024 results: net income $250.5 million or $0.43 per share, EPS $0.43 per share.

Period: the 12 and 52 weeks ended February 24, 2024
Net income: $250.5 million or $0.43 per share
EPS: $0.43 per share
Result: reported results

Exact text from the filing

On April 22, 2024, Albertsons Companies, Inc. issued a press release announcing its financial results for the 12 and 52 weeks ended February 24, 2024.

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Albertsons Companies, Inc. filing history →

Source: SEC EDGAR

accession 0001646972-24-000059

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