Albertsons Q3 adjusted EPS $0.71, identical sales +2.0%; dividend raised 25%

Albertsons Companies, Inc.

2024-Q3 EPS reported $1.35 revenue$61,591,400,000

Net income $401M ($0.69 GAAP EPS); adjusted net income $420M ($0.71 EPS) vs $462M ($0.79) a year ago.
Identical sales +2.0% driven by pharmacy; digital sales +23%; loyalty members up 15% to 44.3M.
Board approved $2B share repurchase program and increased quarterly dividend 25% to $0.15 per share.
Merger with Kroger terminated after court injunction; Albertsons seeks $600M termination fee plus damages.
FY2024 outlook: Adj. EPS $2.25-2.31, Adj. EBITDA $3.95-3.99B, identical sales growth 1.8-2.0%.

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