Albertsons reports Q2 adjusted EPS $0.51, net income $146M; identical sales up 2.5%

Albertsons Companies, Inc.

2024-Q2 EPS reported $0.66 revenue$42,816,900,000

Net sales $18.6B, up from $18.3B; identical sales +2.5%; digital sales +24%.
Net income $145.5M ($0.25/share) vs $266.9M ($0.46) YoY; adjusted net income $301M ($0.51).
Adjusted EBITDA $900.6M (4.9% of sales) vs $976.9M (5.3%) YoY.
Selling/admin expenses excl fuel up 41 bps; impairment losses $43.9M (incl. micro-fulfillment center closures).
CEO cites headwinds from wage investments, pharmacy/digital mix, competitive backdrop; expects offset from productivity.

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