Albertsons reports modest results as it looks ahead after failed …

Jan 8, 2025 · Albertsons saw a 1.2% year-over-year increase in net sales and other revenue during the third quarter of fiscal 2024, to $18.8 billion, the supermarket operator reported …

2%
OFF

Albertsons Reports Modest Results As It Looks Ahead After Failed …

2 weeks from now

Jan 8, 2025 · Albertsons saw a 1.2% year-over-year increase in net sales and other revenue during the third quarter of fiscal 2024, to $18.8 billion, the supermarket operator reported …

grocerydive.com

8%
OFF

Albertsons Leans On Technology And Cost Cuts To Go It Alone - But …

2 weeks from now

6 days ago · Albertsons said it now expects fiscal 2024 same-store sales to rise by 1.8% to 2.0%, compared with prior guidance for a range of 1.8% to 2.2%. ... "As we look ahead to the …

morningstar.com

$400
OFF

Albertsons Leans On Technology And Cost Cuts To Go It Alone - MSN

2 weeks from now

Albertsons on Wednesday beat profit estimates for its fiscal third quarter, offsetting a small revenue miss. The company had net income of $400.6 million, or 69 cents a share, for the …

msn.com

$25
OFF

Albertsons Raises Profit Forecast As It Moves On From Kroger

2 weeks from now

Jan 8, 2025 · A vehicle passes by an Albertsons supermarket after a U.S. judge blocked the pending $25 billion merger of U.S. grocery chains Kroger and Albertsons, siding with the U.S. …

reuters.com

8%
OFF

Albertsons Lifts Full-Year Earnings Outlook Following Mixed ... - MSN

2 weeks from now

For the full year, Albertsons now sees adjusted EPS between $2.25 and $2.31, compared with its prior view of $2.20 to $2.30. It expects identical sales growth between 1.8% and 2%, lowering …

msn.com

9%
OFF

Albertsons Earnings: Strength Suggests Turnaround Is Progressing ...

2 weeks from now

Apr 11, 2023 · Albertsons’ full-year adjusted EPS of $3.37 outpaced our $3.21 target, with 6.9% identical sales growth ahead of our 6.3% estimate (the period ended Feb. 26).

morningstar.com

$1
OFF

Kroger And Albertsons Announce $1.9B Divestiture Plan With C&S

2 weeks from now

Sep 8, 2023 · Dive Brief: Kroger and Albertsons announced Friday that they have entered into a $1.9 billion definitive agreement with C&S Wholesale Grocers to sell 413 stores and eight …

grocerydive.com

6%
OFF

Albertsons Sinks As Rising Inflation Makes Groceries Much More ...

2 weeks from now

Jan 13, 2022 · Albertsons said it generated $0.79 per share in adjusted earnings for the period ended Dec. 4. Revenue was up 8.6% year over year to $16.7 billion, thanks to comparable …

fool.com

$25
OFF

FTC To Delay $25 Billion Albertsons - Cowboy State Daily

2 weeks from now

Dec 20, 2023 · Those complaints have already failed once on the merits, and a docket entry dated Dec. 14 says that the court does plan to dismiss the complaint again. Kroger, for its part, …

cowboystatedaily.com

$24
OFF

Albertsons Price Target Raised To $24 From $22 At BofA

2 weeks from now

6 days ago · Morning Movers: AngioDynamics jumps following results and guidance raise; Albertsons raises FY24 adjusted EPS view to $2.25-$2.31 from $2.20-$2.30; Albertsons …

nasdaq.com

FAQs about Albertsons reports modest results as it looks ahead after failed … Coupon?

Why did Albertsons' sales rise 2%?

Same-store sales rose 2%, matching the FactSet consensus. Sankaran, in the company’s earnings release, said Albertsons benefited from investments in a program aimed at improving customer loyalty, which helped drive digital engagement. Same-store sales growth was driven by strong growth in pharmacy sales. ...

Did Albertsons beat earnings estimates for fiscal 3rd quarter?

Albertsons on Wednesday beat profit estimates for its fiscal third quarter, offsetting a small revenue miss. The company had net income of $400.6 million, or 69 cents a share, for the quarter ended Nov. 30, up from $361.4 million, or 62 cents a share, in the year-earlier period. ...

How will Albertsons' stock perform in fiscal 2024?

Albertsons said it now expects fiscal 2024 same-store sales to rise by 1.8% to 2.0%, compared with prior guidance for a range of 1.8% to 2.2%. The company expects adjusted earnings per share of $2.25 to $2.32, compared with prior guidance of $2.20 to $2.30. Albertsons’s stock rose 0.8% Wednesday. ...

What will Albertsons' EPs look like in a year?

For the full year, Albertsons now sees adjusted EPS between $2.25 and $2.31, compared with its prior view of $2.20 to $2.30. It expects identical sales growth between 1.8% and 2%, lowering the high end of the range from 2.2% previously. Analysts surveyed by FactSet are modeling for adjusted EPS of $2.27 and same-store sales of 2% in the period. ...

Why is Albertsons struggling?

Higher costs due to rising prices, supply chain challenges, and increased labor costs are conspiring to undermine its business, and grocery stores already operate on very thin margins. Image source: Getty Images. Albertsons said it generated $0.79 per share in adjusted earnings for the period ended Dec. 4. ...

Why did Albertsons Miss third-quarter sales expectations?

January 3, 2025 Albertsons missed third-quarter sales expectations on Wednesday, as intense competition from bigger retailers such as Walmart and Kroger offering heavy discounts and promotions hurt demand. ...