Albertsons Q1 net income falls to $241M; adjusted EPS $0.66, down from $0.93

Albertsons Companies, Inc.

2024-Q1 EPS reported $0.41 revenue$24,265,400,000

Identical sales +1.4%; digital sales +23%; loyalty members +15% to 41.4M.
Net income $241M ($0.41 EPS) vs $417M ($0.72 EPS) YoY; adjusted net income $392M ($0.66 EPS) vs $546M ($0.93 EPS).
Adjusted EBITDA $1,184M (4.9% of sales) vs $1,319M (5.5% of sales) YoY.
Selling & admin expenses rose to 25.9% of sales (from 25.0%) on digital investments and wage costs.
Merger with Kroger remains pending regulatory approval; capital expenditures $543M in quarter.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.